Variable life insurance policy

Definition:

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, so variable life policies are referred to as equity-linked policies.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Statistical inference

A statistical method of drawing conclusions on unknown properties of a population based on a random sampling of data from that population.

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