The rationale for this policy type is that historically the stock market has outperformed other investment vehicles, rewarding investors and variable policy owners more than traditional whole life policyholders. Variable life policies generally have no premium or cash value guarantees. Poor investment returns could result in high premium increases to keep the policy in effect, possibly making it of questionable value for special needs planning. Special needs planning requires a conservative approach because the money must absolutely and unequivocally be there for the child with special needs. Since survivorship whole life policies have both guaranteed cash values and guaranteed level premiums, they are often the best policies to use in the special needs planning process.
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