Why Buy Variable Life Insurance? 
That is a great question ! Of the three types of life insurance , term , whole life , and universal -LRB- or variable -RRB- variable is the most complicated . The things that make it different also make it riskier . This is not the policy for you , if you do not like risk , or do not want to have to keep track of its performance . This policy is called `` variable '' because your payments can vary . This can be a problem , if you send in a steady payment amount , and the policy expenses are more than the payment you are sending . Your policy will eventually eat itself alive , and collapse . If you are someone who likes risk , and will pay close attention to your policy 's performance , the policy can be a valuable part of your financial plan . This type of policy can -LRB- I repeat Can -RRB- generate large cash values , if the needed variables all fall into place . Talk to your agent or advisor , and see if this policy is what works best for you . Thanks for asking ! 