Variable Life Insurance

On a variable life insurance policy the life insurance company, rather than investing the over payments in accounts to earn interest, they invest the overpayment in the stock market. As the performance of the stock market varies so will the value of the life insurance policy, which means that the exact value of the policy will not be known exactly. There is also variable universal life insurance which combines the stock market aspect of variable life insurance as well as the flexible premium feature of universal life insurance.