In this life insurance exam prep video, I cover variable life and variable universal life. The main thing you need to know is that their investment portions are not guaranteed, they're held in a separate account, and they are typically not suitable for older clients. You also need to have a securities license and be a FINRA registered representative to sell these products.

Separate Account - A separate account held by an insurance company that is not comingled with the general account. This lets the policyowner take on higher investment risk.

✅Access my Study Guide + Vocabulary Glossary ➡ https://insurancelicensecourse.thrive...

✅Access my LIVE Study Sessions ➡ https://insurancelicensecourse.thrive...

📽Watch this video to learn about the different types of life insurance:    • Types Of Life Insurance Policies - Li...