Variable Life Insurance


  • 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.

variable life insurance benefit, variable death benefit


Related Terms and Acronyms

  • Death Benefit (DB) Acronym, Very Important,
    • A payment or series of payments made to the beneficiaries of a life insurance policy.
    An amount paid to a beneficiary in a life linsurance policy.
  • Flexible Premium Variable Life Insurance (FPVLI)Acronym,
    • General Account (GA) Acronym, Very Important,
      • Investments and assets that an insurer uses for paying benefits and claims.
    • Life Insurance Definition, Very Important,
      • An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
      CanEquity offers life insurance.
    • Second-To-Die Insurance Definition,
      • Life insurance that only pays a death benefit when both spouses have died, commonly used in estate planning.
    • Segregated Fund Definition,
      • Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
    • Variable Death Benefit Definition,
      • A life insurance death benefit that differs depending on how well the insurance company's investment portfolio fares.
    • Variable Universal Life Insurance (VULI) Acronym, Important,
      • A form of life insurance with adjustable premiums, flexible investment options, and tax efficiency.
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