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What is Variable Life Insurance?
Variable life insurance differs from whole
and universal life in that policy owners direct
the distribution of their premium payments among several different accounts
or funds rather than of the company's choosing. Typical account choices
are: common stock, bond, mortgage, and money-market accounts.
With a variable policy, the death benefit and cash
value benefits vary in relation to the value of the investments underlying
the policy. If the value of the accounts increases, so will the benefits;
if the value of the account decreases, so will the benefits, subject to
a minimum guarantee. Variable life insurance is more risky to the policy
owner than the other forms of cash value insurance, but there is a possibility
of greater returns.
Variable life insurance is so much like "normal" investing that agents offering
it must be licensed securities dealers and registered with the U.S. Securities
and Exchange Commission.
Please note that we chosen to not become licensed to sell variable life insurance because we feel that the risk is too great for life insurance planning. We take a conservative to moderate approach in our philosophy.
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Licenses to sell term life insurance:
Ohio License #104233, California License #0C94325, Florida License #D072714
Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin
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