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Variable life insurance policy

• A whole life insurance policy that provides a death benefit dependent on the insured's portfolio market value at the time of death. Typically the company invests premiums in common stocks, and hence variable life policies are referred to as equity-linked policies.

 
 Embedded terms in definition
 Common stock
Death benefit
Dependent
Life insurance
Market value
Market
Portfolio
Time
Variable
Whole life insurance
 
 Related Terms
 

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