Variable Life Insurance
Variable Life Insurance is a form of insurance that provides permanent protection for the policyholder, & is a type of life insurance with a greater amount of flexibility for a more risk-oriented policyholder. Variable Life is 1 of 4 cash value life insurance policies that provide you with both a death benefit & a cash value account.What does it do?
- Pays a death benefit to your beneficiary.
- Offers tax-free, low-risk cash accumulation.
- Allows policyholder to borrow from the policy during their lifetime.
- Death benefit varies in relation to the fund returns of the cash value account.
- No premium flexibility.
- No face amount flexibility.
- No guarantee to the actual amount of cash value available during your lifetime.
> > > Variable life insurance is a permanent policy. How does this compare with a TERM LIFE INSURANCE POLICY ?
