Which of the following best describes the administration benefits under Variable Life?

The administration benefits under Variable Life are best described by the option stating that policyowners track their investments through regular statements. This reflects a key feature of Variable Life policies, which provide policyholders with the ability to monitor the performance of their investments through regular updates and statements. These statements inform policyowners about how their chosen investment options are performing, allowing them to make informed decisions regarding their portfolios.

This feature is especially valuable because it emphasizes transparency and accessibility, enabling policyowners to understand their investment growth or decline over time. This regular reporting is an important administrative benefit that supports better financial planning and investment strategy adjustments, as needed. The importance of tracking investment performance through statements cannot be overstated, as it empowers policyowners to stay informed about their policy's status and take action when necessary.