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VARIABLE
LIFE Variable Life Insurance is a
form of Whole Life, just like Universal Life. In a Variable Life policy a portion
of your premium goes to the Term Life part of the policy, part to the administrative
expenses and a portion to the investment or cash value. The major difference
between Variable Life Insurance and the others is the policyholder determines
the investment vehicle such as: stocks, bonds, or mutual funds. Before
signing up and paying the premiums on such a policy, you may want to find out
the following. - Is the policy guaranteed
portable? (can take it with you when you leave the employment)
- Is
it guaranteed renewable?
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