answersLogoWhite

0


Best Answer

A variable life insurance policy is an insurance policy that allows the policyholders to invest their premiums in a variety of stocks and funds (options vary depending on the individual policy). This type of policy differs from a whole life insurance policy in that monthly premiums do not necessarily have to be paid (depending on the value of the investment accounts), and a month without a paid premium does not void the policy. Additionally, if the value of the investment accounts is higher than the benefit of the policy, the beneficiaries receive the greater value.

User Avatar

Wiki User

โˆ™ 2013-08-07 00:04:42
This answer is:
User Avatar
Study guides

A defined contribution plan is part of which employee benefit

Which of these is an element of limited payment life insurance

What is the best description of a defined contribution plan

Which technology tool allows people to download a television show to watch at a later time

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Add your answer:

Earn +20 pts
Q: A variable life insurance policy is defined as what?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What insurance policy is exempt from the life insurance policy illustration guidelines?

variable life insurance exceeding 10,000 dollars.


Can variable universal life insurance be converted into a fixed account?

Variable universal life insurance is not an account. It is a policy that invests in separate accounts in an attempt to earn higher returns than a fixed policy. A variable universal life insurance policy can be converted into a different type of life insurance policy but not a different kind of account.


What does it cost to borrow from a variable universal life insurance policy?

the interest rate is stipulated in writing in the life insurance policy


What policies are offered by General American Life Insurance?

There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.


Is a variable life insurance policy a good idea?

It depends on what your insurance needs are. You can use the calculator here to see if variable life insurance is right for you http://www.lifehappens.org/life-insurance/life-calculator


What is the name of the life insurance policy that only a securities broker can offer?

Variable Universal Life (VUL)


Can a life insurance policy own a variable annuity?

No. These are two different animals. There are variable life insurance policies as well as variable annuities. These are often tied to the results of certain type of mutual funds or stock indexes but they are separate contracts.


What is the definition of "axa variable annuity"?

The definition of AXA Variable Annuity is a life insurance policy that give the option of market appreciation. It gives you a variety of investment options with your policy.


What is an agent fiduciary capacity?

To sell variable life insurance policy polices, agent must recieved


It is not important to have a life insurance policy.?

It is not important to have a life insurance policy.


What is the executor on a life insurance policy?

The Policy Holder of a life insurance policy is the executor of the said policy.


Is the variable annuity life insurance any good?

Variable annuity is good for a person looking for long term invesment options if they are wanting to retire in the future. It is a great option for that, but it may not be the best option for a life insurance policy. However, there are some reliable variable annuity life insurance companies like Valic.

People also asked