What Is Variable Life Insurance And How Does It Work? 
Variable life works very much like Universal life in concept , except that the accumulation account allows for different investment choices than just a fixed account . A variable life policy will offer different investment choices within the policy . Usually mutual funds are the type of investments used within the accumulation account . The insured selects from the choices offered by the policy . Usually there is something for just about every risk profile . The insured selects for example 3 funds to have the excess premium -LRB- beyond the current monthly charge for insurance and fees -RRB- deposited into . Over time these will gain and they will lose as any investment does . The idea is the same as any investment , to make money over time . A variable life is very much a hands on product . It should be reviewed and possibly rebalanced on a regular basis . Variable life policies are not ' `` fire and forget '' plans . 