Begin Adam01 Jun, 2023Business
Variable life insurance is a type of permanent life insurance that offers both a death benefit and a cash value component. The policyholder can choose how the cash value component is invested, typically in mutual funds or other investment options offered by the insurance company. The value of the cash component can vary based on the performance of the chosen investments, and there is the potential for higher returns than other types of life insurance. However, there is also a higher level of risk involved, and the policyholder may need to pay higher premiums to keep the policy in force.
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