Variable life insurance


 

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Variable life insurance

A form of cash value life insurance in which the cash value of the policy may be invested in shares and bonds etc. according to the insured's choice.



Similar Matches

Financial guarantee insurance

Financial guarantee insurance

Insurance created to cover losses from specified financial transactions.


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A life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured.


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In the US, an insurance policy which guarantees a mutual bond in the case of default, issued by private insurers.


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In the US, financial protection of certain bank and credit union accounts by way of insurance provided by a federal agency. Bank insurance up to specified limits is provided for funds on deposit in member banks by the Federal Deposit Insurance Corporation. Credit unions which are federally chartered are insured by the National Credit Union Administration.


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Social Security Disability Income Insurance

Program financed by the Social Security tax to provide assistance to disabled individuals with disabilities expected to last at least one year, to compensate for lost income.


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