variable life insurance investment & finance definition
A life insurance policy that lets the policyholder
choose the underlying investments on which the policy’s return will be based.
Policyholders can chose from stock, bond, or money market instruments.
See variable life insurance in Wall Street Words
Life insurance that relates benefits to the value of a separate investment account underlying the annuity. This insurance is designed to prevent erosion of benefits by inflation. The size of the benefits will vary.
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