Which of the following statements about benefits in Variable Life fund is FALSE?

The statement that the fund ensures a definite high yield for an investor is false because, although Variable Life funds are managed by professionals who are knowledgeable about investment portfolios, there are no guaranteed returns in this type of investment. The performance of a Variable Life fund is subject to market fluctuations, and while experienced managers may increase the likelihood of better performance, they cannot eliminate investment risk or guarantee high yields.

Investors in Variable Life funds face the uncertainty of returns, which depend on the performance of the underlying investments. High professional management may improve the chances for higher returns, but it does not assure any fixed or guaranteed level of income. Thus, the correct understanding of Variable Life funds should recognize their potential for variability in returns instead of promising definite high yields.