Life Insurance Learning Center - Term Life Insurance Types
Variable Life Insurance
The variable refers to the amount of the cash value in these policies. The cash value changes depending on how the investment that it is tied to is doing. The investment is usually an account made up of equity assets like stocks.
The death benefit is also variable, but in your contract, it should tell you what the lowest amount is that the death benefit can ever fluctuate to.
Unlike other life insurance policies, because this one depends on investments, the policy owner is involved in a risk-type investment. The value of the cash benefit is determined by the value of the stocks at the time the policy is terminated, and the value of the death benefit is determined by the value of the stocks when the insured dies.
The Learning Center Main Intro
Life Insurance Wiz.com
FREE LIFE INSURANCE QUOTE, CLICK HERE!