Variable Whole Life Insurance
Is Whole Life Insurance fixed or variable?
Eliminate the risks of missed financial commitments and uncertain future events with variable whole-life insurance. This policy covers your loved ones’ present needs and protects their financial requirements. It allows to plan early, grow big, and secure covering throughout the lives of the insured individuals in case of a loss or demise. Variable whole life insurance is a type of permanent life insurance. It allows you to invest a portion of your premiums into smaller accounts, similar to mutual funds.
These accounts include investments such as stocks, bonds, and money market funds.
The value of these payments can reduce based on the performance of your assets. Because of this, variable whole life insurance policies offer the potential for higher returns. But also, the policy carries more risk than traditional whole life insurance policies. Policyholders can choose which sub-accounts to invest in and change their investment over time.