The possible different outcomes of an event. As an example, an investment with many different levels of return would have great variability. A life insurance company investment product that combines a savings plan with a small life insurance component to provide certain tax benefits. The savings portion can be invested in a choice of pooled vehicles, including stock funds. A form of whole life insurance that allows the cash value portion to be invested in stock, bond or money market portfolios.
Premiums are high but level, and include the cost of term insurance plus a savings component.