- This policy was introduced in the United States in 1977
- Variable life Insurance is a kind of "Whole Life" Policy where death benefit and cash value of the policy fluctuates according to the investment performance of a special investment account into which premiums are credited. Hence it provides no guarantee on interest rate or minimum cash value.
- Knowledgeable people comfortable with equity are most likely to buy variable life insurance.
- Premium payments are fixed and not flexible.
- Provides minimum death benefit guarantee. Mortality and expense risks are borne by insurer.
Saturday, June 6, 2015
Variable Insurance Plans
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