Is A Variable Life Insurance A Good Investment?

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   Matt Benore

   Founder, DenverWest Insurance Professionals, Inc.,

   You are liable to get a different answer from everyone you ask. Is Variable Life Insurance a Good Investment really depends on what you want. First, this is a Life Insurance policy. When you die, providing the policy is in force at the time of death, a death benefit will be paid to your beneficiaries. Second, there is an investment component to these meaning from your premium, after the cost of insurance and any other fees/expenses are paid, the remaining funds are placed into accounts similar to what you might see with mutual funds or stocks. The risk is you are subject to the market loss just as you get the gains. Your policy COULD run out of monies if your "investment" continues to loose money which may cause the policy to lapse unless you put more money into it, on top of your regular premium.

   Answered on October 24, 2014

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