Which of the following statements about equity indexed life insurance is true?
a. the policyowner can decide which separate accounts to invest the policy's cash values into
b. the insured/owner bears all risk regarding cash surrender value, as negative stock market performance can cause the cash values to decrease
c. the interest credited to the policy is based off of the performance of a stock market index like the s& p 500
d. to sell equity indexed life, a producer only needs a securities license