variable life

Definition of "variable life"
  1. A policy enabling the holder to change premium payments within set limits
How to use "variable life" in a sentence
  1. The investor chose a variable life policy to allow for financial flexibility.
  2. Under her variable life policy, she was able to reduce her premium payments during a financial crunch.
  3. Variable life insurance offers policyholders the ability to adapt to changing financial circumstances.

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