Exam term
Variable life
A life insurance product with a fixed premium and a guaranteed minimum death benefit whose cash value is held in the insurer's separate account and rises or falls with the performance of selected subaccounts.
Lessons that use this term
- Term, whole, universal, and variable life policy classes California
- Interest- and market-sensitive life products Florida
- Fixed versus variable life, and SEC, FINRA, and New York regulation of variable products (Ins. Law 4240, Regs 47 and 77) New York
- Interest- and market-sensitive life products New York
- Interest- and market-sensitive life products Texas