What is one advantage of a variable life insurance policy?

A variable life insurance policy offers the significant advantage of allowing the policyholder to invest the cash value in a variety of assets, such as stocks, bonds, and mutual funds. This means that the cash value can potentially grow more significantly than standard whole life policies, which typically offer lower, guaranteed returns. The investment component gives the policyholder greater control over their policy's growth and the flexibility to tailor their investments based on their risk tolerance and financial goals.

This feature is particularly appealing for individuals who seek both insurance coverage and the opportunity for greater returns on their cash value. The investment performance directly affects the policy's cash value and death benefit, making it a dynamic option for those looking to leverage their life insurance for potential wealth accumulation.