Variable life insurance provides the policyholder with the opportunity to invest the funds in one or more separate accounts with specified investment goals.As the value of the separate account varies, (usually it is recalculated on a daily basis ) the death benefit may also vary, according to mechanism described elsewhere in this text.
Variable "Universal Life is Universal Life with the fund invested in one or more separate accounts, as selected by the policyholder.Generally , the mortality and expense charges are made on a daily basis, since the amount of insurance is subject to daily variation based on the value of the separate accounts.
Variable "Universal Life is Universal Life with the fund invested in one or more separate accounts, as selected by the policyholder.Generally , the mortality and expense charges are made on a daily basis, since the amount of insurance is subject to daily variation based on the value of the separate accounts.
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