A type of whole life policy in which the death benefit and the cash value relate to the investment performance of a separate account fund that the policyholder selects. (policybazaar.com)
This strategy is most appropriate for whole life policies with a death benefit ranging from $ 1 million to $ 20 million. (investopedia.com)
However, disability waiver of premium is very valuable for whole life policies when premiums are significantly higher. (termland.com)