Variable Life |
| Variable Life Insurance in the United States |
| Variable Life is still another version of whole life that allows investors to select investment vehicles for the savings portion of their policy. Options range from low-risk fixed income funds to high-yield stock and bond funds. These accounts are typically accompanied by higher fees. Returns are generally not guaranteed and investment risk is assumed by the policy holder instead of the insurance company. Premiums remain fixed under this arrangement. As would be expected, the better the investments perform, the larger the death benefit will be. However, the death benefit will not drop below a certain minimum, regardless of investment performance. |
| Variable Universal Life |