A form of whole life insurance which combines some features of universal life...
The generic name for a life insurance policy, distinguished by a flexible premium and separate cash value investment accounts.
A type of variable life insurance where the insured selects between investment options for a portion of the premium payment. The insured's beneficiaries receive compensation upon the insured's death based on a minimum payment plus the return on the investments selected. The insured assumes some degree of investment risk, but is guaranteed a minimum return.
A policy with death benefits and flexible premiums as in regular universal life. Policyowners may choose investments to support the contract.
A life insurance policy where the payment is flexible within limits. These policies have a cash value that are invested in securities.
A whole life insurance that combines the flexibility of Universal Life's death benefits and premium choices with even more investment choices. Instead of accruing a cash value, as with Universal Life, the excess cash is placed in a separate investment account. Policyholders can then select the type of investment vehicle for the excess cash, with the freedom to move between various investment choices. You may choose the timing of these moves as well as the amount of premium payments.
a form of life insurance with the flexibility of universal life insurance premiums and the investment features of variable life insurance.
A combination of the features of Variable Life Insurance and Universal Life Insurance under the same contract. Benefits are variable based on the value of equity investments, and premiums and benefits are adjustable at the option of the policyholder.
