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Article: Have VL policies become dinosaurs? (variable life insurance)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- April 19, 1993
- Author:
CopyrightCOPYRIGHT 1993 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Variable life insurance--the product that once led the insurance industry's charge into the world of variable marketing--may well have gone the way of the dinosaur.
VL refers to "pure" variable life, or life insurance that offers multiple investment opportunities, but on a fixed premium, whole life basis, with the death benefit guaranteed.
The remains of such policies still do exist, of course. But other types of variable policies--such as variable universal life (VUL) and hybrid VL--are becoming much more prevalent.
Consider: Life Insurance Marketing and Research Association reports that, in 1992, VL premium at eight reporting companies ...