Variable life insurance

{
  "id": "MLC-T-LAW-005140",
  "term": "Variable life insurance",
  "field": "Law",
  "definition": "A type of permanent life insurance policy where the cash value and death benefit fluctuate based on the investment performance of a separate account. Policyholders can allocate their premiums among different investment options, such as stocks, bonds, and money market funds. This type of policy carries investment risk, as the cash value can decrease if the underlying investments perform poorly.",
  "url": "https://mlchart.com/terminology/law/variable-life-insurance/"
}