Variable Life Insurance Policy
A complete life insurance policy that provides death benefit depending on the portfolio of the beneficiary. Insurance companies who handle this policy invest premiums in common stock. Thus, this insurance policy is heavily equity linked. It is also the most expensive type of cash-value insurance since it allows the beneficiary to allocate the premium to separate accounts and investment funds within the insurance company’s portfolio. Variable Life Insurance Policy carries a much bigger investment risk than the conventional insurance policy.
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