Variable and Variable Universal Life Insurance

Keith R. Fevurly

Chapter Chapter 14 in The Handbook of Professionally Managed Assets, 2013, pp 275-290 from Springer

Abstract: Abstract Life insurance company-managed products are a large part of the professionally managed assets (PMA) universe of options. This chapter and the next examine variable life products (including variable universal life) and variable annuities, respectively. Both variable life products and variable annuities are products in which the cash value (in the case of variable life options) or accumulation units (in the case of variable annuities) are invested in mutual fund–type investments. A life insurance policy is purchased to protect survivors from the risk of premature death of the insured, whereas an annuity is purchased to protect the annuitant from the risk of superannuation (the risk of outliving his or her income during his or her lifetime).

Keywords: Mutual Fund; Life Insurance; Capital Gain; Investment Performance; Variable Life (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-6020-2_14

Ordering information: This item can be ordered from
http://www.springer.com/9781430260202

DOI: 10.1007/978-1-4302-6020-2_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().