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 value of this fund. He is guaranteed a minimum death benefit but the death benefit can be higher, depending on the value of the fund. What type of life insurance does John likely have?

Question

Quizplus · Accepted Answer

John's insurance policy's cash value is tied to a separate stock fund, which is a characteristic of variable life insurance. Additionally, the death benefit can vary based on the performance of the fund, further indicating that John likely has a variable life policy.

John Camey Has a Life Insurance Policy That Is Tied