Variable life insurance provides permanent protection for you and is the type of life insurance with account flexibility for the more risk-oriented policy holder.

What it does:
It pays a death benefit to the beneficiary you name and offers you low-risk, tax-free cash accumulation.

It allows the death benefit to vary in relation to the fund returns of the cash value account.

It allows you to borrow from the policy during your lifetime.

What it doesn't do:
It offers no guarantee to the amount of cash value during your lifetime.

It doesn't offer you premium flexibility.

It doesn't offer you face amount flexibility.