3. Traditional cash value plans are also known as

A) Unbundled plans
B) Bundled plans
C) Annuity
D) ULIP
✅ ANSWER: B
Traditional cash value plans are also known as Bundled plans. Bundled plans consist of multiple types of health coverage that a consumer can purchase together, typically with one integrated premium. The plans are generally designed to complement each other, or to provide varying benefits.

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