VARIABLE LIFE INSURANCE POLICY
Variable Life Insurance Policy is a type of life insurance that provides permanent protection to the beneficiary upon the policyholder’s death. It is considered to be the most expensive type of cash-value insurance because of its feature that allows the policyholder to allocate a specific portion of premium dollars to a separate account. This separate account is usually comprised of different instruments and investment funds such as stocks, bonds, bond funds, money market funds, and equity funds.
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