Which type of life insurance allows the policyholder to make his own individual investment decisions?

Question

Quizplus · Accepted Answer

Variable life insurance policies allow the policyholder to make their own individual investment decisions. This type of policy typically provides a death benefit and a cash value component that can be invested in various investment options, such as stocks, bonds, and mutual funds. The policyholder assumes the investment risk, but also has the potential to earn higher returns than other types of life insurance policies. However, it's important to note that the policyholder may also experience losses if their investments underperform.

Which Type of Life Insurance Allows the Policyholder to Make