MU Extension MU Extension       University of Missouri    ●    Columbia    ●    Kansas City       Rolla     ●    St. Louis - Money Matters - Consumer Action


Finance Quick Answers



What is variable life insurance?

Variable life insurance combines the protection and savings element of life insurance with the potential of growth from stocks and/or bonds. You choose the amount of your death benefit at the time you buy the policy. If your investments do well, the death benefit increases over time.

Premiums are paid monthly, quarterly, or annually. You can generally take out loans against the policy at a modest interest rate.




Brenda Procter, M.S., Consumer and Family Economics, College of Human Environmental Sciences, University of Missouri-Columbia














If you'd like to learn more about this and other personal finance topics, the University of Missouri offers 'Personal & Family Finance,' a correspondence course, through the Center for Distance and Independent Study (800-609-3727). Information about this course is available at





Can't Find Your Question Here? Try Searching Our Quick Answer Knowledge Base

Last update: Monday, July 21, 2008




University of Missouri logo links to

Site Administrator: 
Copyright  ADA  Equal Opportunity

MissouriFamilies is produced by the College of Human Environmental Sciences,
Extension Division, University of Missouri-Columbia