What is the Definition of Variable Life Insurance?

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

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What is the Definition of Variable Life Insurance?

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