Answer:
Like whole life, Variable Life provides life-long protection with death benefits, fixed premiums, and builds up cash value. This policy remains in place for the whole life of the insured individual unless the policy lapses or is cancelled
Variable Life provides life-long protection with death benefits, fixed premiums, and builds up cash value. This policy remains in place for the whole life of the insured individual unless the policy lapses or is cancelled.
Term insurance is significantly cheaper compared to other type of insurance because it only cover risk plan without considering potential return in the future.
The amount of term insurance usually paid at a fixed rate on a limited period of time.
Thus,Variable Life provides life-long protection with death benefits, fixed premiums, and builds up cash value.
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