The cash value of variable life insurance policies can grow at a much faster rate and in certain cases can be used to pay premiums. (valuepenguin.com)
Taxes and Variable Life As in permanent life policies, the cash value of a variable life insurance policy grows on a tax deferred basis. (investopedia.com)
The accumulation value of a variable annuity is based on the performance of the separate accounts (aka: mutual funds) offered by the specific product. (marketwatch.com)