Variable Life Insurance Plan
A Variable Life insurance policy is a type of permanent insurance (like Whole and Universal Life) that ensures a death benefit. However, it can be more costly due to the fact that the cash value portion of premiums can be directed to a different account. In this account, the cash value may be invested in any of the insurerâs investments like equity funds, bonds and bond funds, mutual funds, and stocks. Since they carry a greater level of risk than traditional permanent insu