Investment with life insurance
Life insurance is a financial product that, by its very nature, aims to answer questions about when and how you will die, perhaps even prematurely, and therefore how your loved ones will live after you are gone.
A variable life insurance policy also has a cash value that varies depending on the amount of premiums paid, fees and costs of the policy, and the effectiveness of the menu of investment options - usually mutual funds - offered under the policy.
Variable life insurance offers many cash investment options, but premiums cannot change like universal life insurance.
This is because permanent policies such as life insurance contain an investment component called cash value. Certain types of permanent life insurance may also contain an investment component that allows the policyholder to accumulate cash value.
