variable life insurance

American  

noun

1. an insurance policy whose annuity payments or payment to the beneficiary are not fixed but depend on the income earned by the investment of the premiums.

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Example Sentences

Then, there was some variable life insurance.

From New York Times

Nacchio and his wife accused Goldman's Ayco financial planning unit and their former adviser David Weinstein of breaching their fiduciary duties by failing to tell them that the $95 million of variable life insurance they bought in 2000 would likely lapse before they died.

From Reuters

He explained that private placement insurance is a type of variable life insurance that builds value in a separate account.

From Forbes

Frank's situation first came to light in August, 2013, during a hearing in a case against a brokerage involving a variable life insurance policy sold to a 72-year-old woman, according to Benjamin Blakeman, her Los Angeles-based lawyer.

From Reuters

Most of us don’t need a variable life insurance policy that also acts like an investment.

From New York Times