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	Insurance--Life Insurance Variable life insurance Annuities Auto Insurance Small business insurance Long term care insurance Health Insurance Home Insurance Life Insurance -Life Insurance FREE QUOTE -The process of buying life insurance -Cash value life insurance -How your blood pressure and cholesterol affect your life insurance costs -Assess your life insurance needs -Term Life Insurance -Universal life insurance -Variable life insurance -Whole life insurance Travel insurance Variable life insurance features both a death benefit and a true investment account feature. It is designed to shift the risk of investment gains and losses to the policyholder. The insurance company invests your premiums in the funds that you choose. The amount of money your beneficiaries receive and the cash value of your policy depend on how well your investment does. There are no guarantees with variable life, if your investments go down to zero, your policy is terminated. Variable life comes in both universal and whole life versions. If your investments perform well, you will have a higher cash value and death benefit. If the investments lose money, you'll have a lower cash value and death benefit. It is possible to find some policies that will guarantee the minimum death benefit. You are allowed to take loans out against the cash value of your policy, but if you don't pay them back, your beneficiaries will receive a lower death benefit. You can surrender your policy for cash or convert it into an annuity, but this is an expensive option for saving. Variable life insurance is a high risk product. It is sold with an accompanying prospectus. The prospectus provides you with expense information and investment options. Make sure that the expenses are not prohibiting and the investment options are within your risk tolerance.