? AMagillVariable life insurance is a form of whole life insurance that has an investment portion attached to it. The owner of the insurance policy has flexibility to determine how the cash portion of the policy is to be invested. This type of life insurance policy has sub-accounts, which enable a number of investment options. The cash value can be divided up into various holdings of the insurance company, which enables owners to invest in stocks, bonds, mutual funds, and more. Money earned from …

What Is Variable Life Insurance?