How Is Variable Life Different from Universal Life and Term

question 119

Essay

How is variable life different from universal life and term insurance? Who is it best suited for?

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Definitions:

Suggestibility

The quality of being inclined to accept and act on the suggestions of others.

Empirically

Based on observations or experience rather than theory or pure logic, referring to knowledge acquired through experimentation or practical experience.

Intellectual and Cultural Activities

Engagements and pursuits that enrich the mind and promote cultural growth, such as reading, attending art exhibits, and engaging in scholarly discussions.

Social Respect

The esteem or regard in which an individual or entity is held by the community or social group, often influenced by actions, achievements, or moral standing.