Variable life insurance Sunday, June 18, 2006
A form of whole life insurance under which the death benefit and the cash value of the policy fluctuate according to the investment performance of a separate account fund. Most variable life insurance policies guarantee that the death benefit will not fall below a specified minimum. A minimum cash value is seldom guaranteed. Because the policy owner assumes investment risk under variable life insurance policies, these products are considered securities contracts. ...
A type of whole life insurance that allows the policyowner to invest premiums in stock, bond, and money market funds chosen from the insurance company's portfolio. The cash value and death benefit of this policy is determined by the success of those investments.
A whole life insurance policy giving policy holders benefits based on the performance of the securities in the portfolio.
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 a separate account managed by the life insurance company.
A form whose face value varies depending upon the value of the dollar or securities or other equity products at the time payment is due.
A life insurance contract where the cash value and death benefit fluctuate in response to the performance of the investments, There is generally a minimum fixed premium and minimum guaranteed death benefit.
This is also a type of life insurance that has an investment component as well as a death benefit. The main difference from universal life insurance is that you may select the types of investment vehicles as well as determining the investment amount.
An investment oriented type of permanent life insurance that provides both life insurance coverage and a savings vehicle through sub-accounts with the amount of return linked to an underlying portfolio of securities. Variable life insurance has a fixed premium and a guaranteed minimum death benefit. Voidable: An insurance policy that can be cancelled by either the insurer or the insured if either side breaches any term(s) in the contract.
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at the policyholder’s discretion.
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. At any time, the face value of your policy depends on how well the investments you’ve chosen are performing.
posted by your Insurance @ 9:59 AM,
