The type of policy where 80% to 90% of the premium is invested in traditional fixed income securities and the remainder of the premium is invested in contracts tied to a stipulated stock index is

Universal life insurance policies provide flexible premium payments and death benefits but do not specifically allocate a fixed percentage to traditional fixed income securities or stock index contracts. Instead, they allow the policyholder to adjust the premium and death benefit as needed, focusing on the cash value growth based on current interest rates rather than a fixed investment strategy.

Variable life insurance offers policyholders the ability to invest premiums in various investment options, including stocks and bonds, but does not guarantee a specific percentage of the premium allocated to fixed income securities or stock indices. The investment risk is borne by the policyholder, and the cash value can fluctuate significantly based on market performance.

Whole life insurance provides a guaranteed death benefit and a fixed premium, with cash value growth at a predetermined rate. However, it typically invests the premiums in a more conservative manner without the specific allocation to stock indices that characterizes equity indexed whole life policies.