Who Should Get Variable Life Insurance? 
That is a great question ! Variable life insurance policies are a very different type of life insurance , andare definitely not for everyone . In a term or whole life policy , the cost of the insurance is built in to the premium price , and so the only way they would end prematurely is if you stopped making payments . In variable life policies , the cost of the insurance is paid , or not paid , by the performance of the stock market . Instead of the safety of a steady , known payment , a variable policy is tied to the stock market , and as it varies , so does the policy 's value , length of coverage , and your premium payment amount . This type of policy is best suited for someone with a high risk tolerance , who can afford to make larger payments if needed , and who is willing to monitor closely the policy 's value . I hope that helps , thanks for asking ! 