Why is, Cash in the Accumulation Account, Not Guaranteed, in Case of Variable Life Assurance Products?

Money is used for Capital Expenditure.

Money is invested in Government Debt.

Money is invested in the Stocks, through Mutual Funds, where, there are No Guarantees.

Money is used to service the Insurer's Debt.

Why is, Cash in the Accumulation Account, Not Guaranteed, in Case of V

1.	Why is, Cash in the Accumulation Account, Not Guaranteed, in Case of Variable Life Assurance Products?
A.	Money is invested in Government Debt.
B.	Money is invested in the Stocks, through Mutual Funds, where, there are No Guarantees.
C.	Money is used for Capital Expenditure.
D.	Money is used to service the Insurer's Debt.
Answer» C. Money is used for Capital Expenditure.