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• Life insurance under which the benefits relate to the value of assets behind the contract at the time the benefit is paid. The assets fluctuate according to the investment experience of funds managed by the life insurance company.

  Alabama Department of Insurance - Cite This Source - This Definition
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  Cite Definition for Variable Life Insurance

  American Psychological Association (APA)

  Variable Life Insurance. (n.d.). Glossary of Life Insurance Terms. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/variable-life-insurance.

  Chicago Manual of Style (CMS)

  Variable Life Insurance. www.aldoi.gov. Glossary of Life Insurance Terms. Alabama Department of Insurance. http://www.expertglossary.com/definition/variable-life-insurance (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Variable Life Insurance." Glossary of Life Insurance Terms. Alabama Department of Insurance. 28 March. 2023 http://www.expertglossary.com/definition/variable-life-insurance.

• Browse Related Terms: Accelerated Death Benefits, Accidental Death Benefit, Beneficiary, Cash Value (Cash Surrender Value), Current Assumption Whole Life, Double Indemnity, Face Amount, Living Benefits, Mortality Table, Rider, Variable Life Insurance

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