Variable Life Insurance

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Variable life Insurance It is a permanent life insurance policy with a death benefit and cash value that is in the stock market rather than your insurance company. The payout amounts are determined by the performance of the underlying securities. Variable life insurance policies are considered more volatile than standard life insurance policies and are ideal only for those who can stomach the additional risk. It has combine characteristics of life insurance and investment. It includes an insurance component and an investment component all in one product. Variable policies have tax advantages whether or not the underlying investments perform well. The different between variable life insurance term life is that: variable life insurance is a permanent life insurance policy, meaning it lasts until the policyholder's death, combined with a cash value account invested in bonds or stocks. Simply term life lasts for a specific number of years and has no investment portion. The difference between whole life and variable life insurance is that; the cash value of a whole life policy earns a fixed, relatively low rate of interest similar to a savings account or money market, and the death benefit is guaranteed. A VLI policy has more flexibility, giving you the option to invest that cash value in securities such as mutual funds. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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