Variable life insurance definition

Variable life insurance means an insurance policy that provides for life insurance, the amount or duration of which varies according to the investment experience of one or more separate accounts that are established and maintained by the insurer pursuant to Title 31A, Insurance Code.
Variable life insurance means an insurance policy that provides for life
Variable life insurance means a separate account life insurance policy or contract

Examples of Variable life insurance in a sentence

  • Variable life insurance provides payment to a beneficiary upon the death of the policy holder.

  • Variable life insurance policies, variable annuity contracts, variable insurance riders and other variable insurance contracts, issued by GAD, or its Affiliates, as more fully described in Exhibit A , which may be amended by GAD in its sole discretion from time to time.

  • Insurance Policy Variable life insurance payable upon death of the last surviving insured.

  • Variable life insurance policies, variable annuity contracts, variable insurance riders and other variable insurance contracts, issued by GAD, or its Affiliates, as more fully described in Exhibit A, which may be amended by GAD in its sole discretion from time to time.

  • Variable life insurance contracts and/or variable annuity contracts required to be registered under the 1933 Act and described in Schedule B attached hereto, issued by Company and for which Distributor has been appointed the principal underwriter pursuant to distribution agreements, copies of which have been furnished to Broker.

  • SINGLE PREMIUM VARIABLE LIFE INSURANCE POLICY - NO POLICY DIVIDENDS Variable life insurance is payable upon the death of the insured.

  • No Policy Dividends 56008 Variable life insurance is payable upon the death of the insured.

  • Life Insurance Policy Variable life insurance payable upon death of the last surviving insured.

  • Variable life insurance provides life insurance protection (i.e., a death benefit) and allows you to build up a cash value that can grow tax deferred.

Related to Variable life insurance

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.