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A variable life insurance policy is a type of whole life policy. The primary difference is that the policyholder can designate an investment vehicle, often a mutual fund, into which to invest. Therefore, the portion of the premium that accumulates as cash value does so within the mutual fund, rather than within the insurance policy. That said, since the product is fundamentally an insurance policy, the state department of insurance is the primary regulator. To the extent that a security is involved (the mutual fund), there may be co-regulation by the state entity that regulates securities, or by the Securities and Exchange Commission which is a federal body.
A variable life insurance policy, or any other insurance policy, should be viewed as insurance and not as an investment. There may be some financial flexibility afforded by a product such as this, but it is fundamentally death protection.
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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.
What products does Prudential life insurance offer?
Prudential offers a variety of life insurance policies. Some of the different life insurance policies that they offer are Term Life Insurance, Universal Life Insurance, Variable Life Insurance&as well as Survivorship Life Insurance. bAlong with these different types of policies they also offer retirement planning, annuities and long term care insurance.
What types of policies does Ing Insurance offer?
ING Insurance offers a diverse array of insurance products, with a focus on different life insurance policies. Examples include term, variable and universal life insurance options.
What type of life insurance policies does MetLife provide?
There are several types of life insurance policies available at MetLife including Term Life, Whole Life, Universal Life, Variable Universal Life and Survivorship Life.
Who regulates life insurance?
Individual states regulates the life insurance industry.
What are some highly rated insurance companies that offer variable universal life insurance policies?
Variable life insurance is a smart investment for you and your family. Two of the more reputable providers for this type of insurance are Metlife and Nationwide.
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 type of life insurance policy pays dividends whole life or equity or partcipating or nonforfeitable?
Question - What type of life insurance pays dividends? Answer - Dividends are paid by participating life insurance policies. The word "participating" suggests that the owner of the policy would get a dividend on the policy if the company earns one. A life insurance company cannot guarantee a dividend as this depends on the performance of the company. Investment performance as well as operating costs come into play. Whole life policies are participating policies. Details: http://www.lifeinsurancehub.net/life-insurance-dividends.html Question - What are "equity" linked policies? Answer - Equity linked policies are life insurance policies that, to put it simply, are hooked up with an investment portfolio...like mutual funds for example. Examples are variable universal life insurance policies and variable life insurance policies. These policies are sold only by "prospectus". The agent must have an NASD license to sell these policies. This license is different from his regular life insurance license. Details: http://www.lifeinsurancehub.net/variablelifeinsurancequote.html Question - What are nonforfeiture values? Answer - If at any time in the future a policy owner wishes to terminate premium payment of a participating life insurance policy policy there are certain option made available by the life insurance company. S/he may surrender the policy for its cash value, extended term life insurance may be purchased with the cash values or the cash values may be applied to purchase a reduced paid up policy. Details: http://www.lifeinsurancehub.net/nonforfeiture-values.html
How many policies issued by the reliance life insurance?
how many policies issued by reliance life insurance
Do you need a security license to see variable universal life insurance?
Yes. To sell variable universal life insurance you will need a Series 63 Securities License, a variable life insurance license, and a regular life insurance license.
Where can I get variable annuity life insurance?
To get variable annuity life insurance speak to you local insurance company. A lot of insurance companies now offer many types of insurance; car, life, renter's, etc. Metlife, Pacific Life, Mutual, and many others are examples of where you can get variable annuity life insurance.
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
