This is a basic permanent life insurance policy that provides an accumulated cash value in addition to
the actual face value of the policy.
With a few good choices on how the premiums are invested, a variable life policy has the potential to generate a much higher payout than
the actual face value of the policy.
Not exact matches
A portion
of your premium payment goes to pay for the
actual whole life insurance coverage that is an amount equal to the
face value of the
policy.
Instead, the
actual face and cash
values of your
policy will depend on how well your «special fund» performs.