Variable Life

Definition

  • A life insurance policy that allows the policyholder to allocate a portion of his or her insurance premiums into an account within the insurance company's investment portfolio which is comprised of a variety of financial instruments such as stocks, bonds, and equity funds. Due to investment risks the beneficiaries will receive a variable death benefit.

Notes
An insurance policy.

Acronyms
VL

Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage