Life insurance for which the amount of the payments is determined by the performance...
Variable life is a type of life insurance where money that remains after payment of premiums is invested in vehicles of your choosing. Variable life is a hybrid of traditional life insurance and a variable annuity. Variable life does have the option of a minimum guaranteed death benefit. However, variable life can be expensive and risky, depending on the type of investments made.
A policy allowing premium payments to vary within certain limits at the option of the policyholder.
A life insurance policy where the payments are fixed. These policies have a cash value that are invested in securities.
Similar to cash value life insurance, but it will buy into mutual funds to project better returns. This is not recommended as the type of life insurance to buy. Get term insurance here
insurance policies fluctuate according to the investment performance of the underlying mutual funds which support them. They have a minimum death benefit and no guaranteed cash value.
Similar to universal life insurance except that the policy-holder determines where the savings portion is invested
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. Premium payments may be fixed as to timing and amount (scheduled premium variable life) or subject to change by the policyholder (flexible premium variable life).
A whole life insurance policy that provides a death benefit that depends on the market value of the insured's portfolio at the time of the death. Typically the company invests premiums in common stocks, and hence variable life policies are referred to as equity-linked policies.
A form of whole life insurance under which the death benefit and the cash value of the policy fluctuate according to investment performance. Most variable life insurance policies guarantee that the death benefit will not fall below a specified minimum, but a minimum cash value (in the cash value account) is seldom guaranteed. These policies are similar to stocks and money market accounts. Read more about Variable Life Insurance.
A type of insurance in which the cash value varies with the return of the policy holder's portfolio.
A type of permanent insurance that provides death benefits and cash values that vary with the performance of a portfolio of investments. A person allocate premiums among a variety of investments offering different degrees of risk and reward, including stocks, bonds, combinations of both, or accounts that guarantee interest and principal.