Variable life insurance policies are cash-value policies that allow you to choose how your premium is invested from among a package of alternatives offered by the insurer.
In many variable life policies, the face value of your policy depends on how well the investments you've chosen are performing.
Yahoo Finance - Cite This Source - This Definition
- Accelerated death benefit, Asset, Death benefit, Decreasing term insurance, Face value, Financial instrument, General account, Insurance trust, Insured bond, Life settlement, Lump sum, Survivorship life, Viatical settlement
All > Business > Finance > Personal Finance