John Camey has a life insurance policy that is tied to a separate stock fund.The cash value of his insurance policy depends on the yields earned in this fund and is not guaranteed.What type of life insurance does John likely have?

Question

Quizplus · Accepted Answer

Variable life insurance policies have cash values tied to separate accounts, such as stock funds, where the yields can fluctuate and are not guaranteed. This allows for potential growth in the policy's cash value based on market performance, but also comes with investment risk.

John Camey Has a Life Insurance Policy That Is Tied