Variable Life Insurance Definition at Life

Variable Life Insurance Definition. Variable universal life insurance is a type of permanent life insurance policy. A whole life insurance policy that provides a death benefit dependent on the insured's portfolio market value at the time of death.

Variable life insurance (fixed premium) most policies have fixed premiums due on a regular basis, like a typical whole life insurance policy. This can yield faster cash value growth, but it also means the policy owner takes on greater risk if their chosen investments underperform. It is a policy that pays a specified amount to your family or others (your beneficiaries) upon your death.

Burning cost

Variable life insurance definition 👪 jan 2022. It is a policy that pays a specified amount to your family or others (your beneficiaries) upon your death. Variable life insurance is a type of permanent life insurance that allows the insured person to place a percentage of their premium payments into the insurer's portfolio of investment accounts. This means that these policies won't expire so long as the insured keeps paying the insurance premiums.