________ policies allow the policy owners to allocate their premium payments to and among separate investment accounts maintained by the insurance company, within limits, and also to be able to shift the policy cash value among the separate accounts.

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Variable life insurance policies allow policy owners to allocate their premium payments to separate investment accounts maintained by the insurance company and to shift the policy cash value among the separate accounts. The performance of these separate accounts depends on the performance of the underlying investments, and the policy values may vary accordingly.

________ Policies Allow the Policy Owners to Allocate Their Premium