variable life insurance

variable life insurance definition - finance
A life insurance policy that lets the policyholder choose the underlying investments on which the policyÂ’s return will be based. Policyholders can chose from stock, bond, or money market instruments.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.