Which of the following is NOT a type of life insurance policy available?

Automobile life insurance is not a recognized type of life insurance policy. Life insurance policies are typically categorized into options like universal life insurance, whole life insurance, and variable life insurance, all of which are designed to provide financial protection in the event of the policyholder's death. Each of these types carries specific features: universal life provides flexibility in premium payments and death benefits, whole life offers a guaranteed death benefit and cash value accumulation, and variable life allows the policyholder to invest the cash value in various investment options, impacting the death benefit and cash value based on market performance.

Since automobile life insurance does not exist as a standard product, that option stands out as the only one that does not belong in the list. Understanding these categories can help individuals select the right type of life insurance based on their financial needs and goals.