universal variable life insurance
- An insurance plan with both the aspects of life insurance coverage and the potential of earning through investment, where the policyholder bears the investment risks
- Many people choose universal variable life insurance for its potential investment component.
- According to the terms of the universal variable life insurance, the death benefit and cash value may fluctuate based on the performance of the invested assets.
- He decided to purchase a universal variable life insurance policy to provide financial security for his family and as a means of investment.
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