Variable Life Insurance Policies — Life insurance has evolved from basic life protection to savings to building wealth in answer to the modern customer’s need to maximize value from investments while alive and in the peak of health.
Variable life insurance is considered new wave in life insurance. This is a permanent life insurance policy with an investment component. It combines life protection and the opportunity to grow your money through investments in stocks, bonds, and/or money market instruments.
Because of the long-term upside down of these instruments, variable life insurance is increasingly used for other long-term needs like education of children, retirement funding, or as a means to build wealth… all on the back of life insurance.
According to Wiki Answers, “Variable life insurance allows you to control your portfolio of investments that is part of the cash value component of a whole life insurance policy. This could include stocks, bonds, or funds. As a result of this freedom, this is the most expensive type of insurance available in the market. Opt for such a policy only if you are completely confident about investing in the markets. While the risks may obviously be higher as there is no guarantee on your savings, the value benefits are also much more than any other insurance policy available. There are also profitable tax benefits associated with variable universal life insurance.”
There are many variable life insurance plans marketed today designed to meet both your insurance and investment needs. All of these plans offer financial protection, but you can also choose a plan that will allow you to invest in selected global equities, in accordance with your investment priorities.
To maximize your life protection and investments, just weigh the best options in investing your money through variable life insurance products.
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Hi There Entrebankph,
I just stumbled across this and, I signed up for the expensive Variable Life Insurance policy when I was making lots of money. Now that my earnings have dropped, the Variable plan is too expensive. I have some health issues which will prevent me from getting a reasonable rate on a new term life policy. Is it likely that NW Life will allow me to convert to term at the “health standard” that they used to sign me up 15 years ago?
Thanks