Order the answer to: Todd, age 28, would like to save money for a
||Todd, age 28, would like to save money for a comfortable retirement. He is considering Purchasing a cash-value life insurance policy that has the following characteristics: • The premiums are invested in separate investment accounts selected by the policyholder. • Interest income and capital gains are not currently taxable to the policyholder. • The frequency and amount of premium payments can be changed as financial circumstances change. • A mortality and expense (M&E) charge is periodically deducted from the cash value account. Based on the above characteristics, what type of life insurance is Todd considering purchasing? Explain your answer.