Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
50% - Moderately

Variable Life


Acronyms &
abbreviations:
VL
Notes:An insurance policy.
Tags: insurance, life insurance
 

Definition of variable life (VL)

variable life (VL)
1. 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.

Search the Glossary

Canadian Mortgage Calculator
We've taken it all apart and put it back together again — bigger and better than ever. The new mortgage calculator adds dozens of new features including a number of automatically generated charts and graphs designed to aid you in finding the best mortgage for you.
Mortgage Calculator Try it
 
Mortgage Rates
Mortgage rates are at the lowest they've been in years. Lock in while you still have a chance to take advantage of these historically low rates.
Mortgage Rates
 
Mortgage Brokers
Looking for low mortgage rates? Need fast service? Want access to a specific or somewhat unconventional product? Check, check, and check. Our mortgage brokers have it all and they'll work hard to make sure you will too.
Mortgage Broker