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Home > QFINANCE Dictionary > Definition of variable life assurance

Definition of

variable life assurance

Insurance

life insurance where benefits vary with investment performance a type of whole-life insurance policy providing a death benefit that varies according to the performance of an investment portfolio managed by the insurance company.

Related definitions of "variable life assurance"

Definitions of ’variable life assurance’ and meaning of ’variable life assurance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’variable life assurance’ and other financial terms with our online QFINANCE Financial Dictionary.

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