What distinguishes whole life from universal life in premium flexibility and cash value guarantees?

• A. Whole life has flexible premiums and no cash value guarantee; universal life has fixed premiums and guaranteed cash value.
• B. Whole life has fixed premiums and guaranteed cash value; universal life offers flexible premiums and a cash value credited with interest and possible adjustable death benefit.
• C. Whole life has no cash value; universal life has guaranteed cash value with fixed premiums.
• D. Whole life offers adjustable death benefit; universal life has no death benefit.

Answer: (B)