What is the Definition of Variable Life Insurance?
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds and money market mutual funds at the policyholder’s discretion.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Variable Life Insurance?
You can find random definition and meaning of insurance terms below:
What is the meaning of Hold-Harmless Agreement
A risk transfer mechanism whereby one party assumes the liability of another party by contract
What is the meaning of Homeowners Insurance
a package policy combining real and personal property coverage with personal liability coverage. Coverage applicable to the dwelling, appurtenant structures, unscheduled personal property and additional living expense are typical. Includes mobile homes at a fixed location.
What is the meaning of Hospital Indemnity Coverage
coverage that provides a pre-determined, fixed benefit or daily indemnity for contingencies based on a stay at a hospital or intensive care facility.
Thank you for visiting our website and read this FAQ article about "What is the Definition of Variable Life Insurance?". We hope you get what you searching for.
definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.