A variable life policy combines life insurance coverage with investment options.

Question

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A variable life policy is a type of life insurance policy that includes an investment component. The policyholder can invest the cash value portion of the policy in various investment options, such as stocks, bonds, and mutual funds. The value of the policy can fluctuate based on the performance of the investments, but there is also a death benefit component that provides a payout to the beneficiary upon the policyholder's death.

A Variable Life Policy Combines Life Insurance Coverage with Investment