Which of the following is a type of permanent life insurance?

Variable life insurance is a type of permanent life insurance because it provides lifelong coverage as long as the premiums are paid, and it includes a cash value component that can grow over time based on the performance of investment options chosen by the policyholder. Unlike term life insurance, which offers protection for a specific period without a cash value component, variable life insurance allows for flexibility in premium payments and investment choices.

The cash value in a variable life policy can fluctuate based on market conditions since the policyholder can invest in a variety of separate accounts similar to mutual funds. This feature not only offers an opportunity for growth but also allows policyholders to access their cash value through withdrawals or loans.

In contrast, options like accidental death insurance are not permanent, as they only provide coverage in the event of death due to an accident and contain no cash value. Term life insurance, while providing temporary coverage, ceases after a specified term without any cash accumulation. Short-term life insurance also offers limited coverage and typically lacks the features associated with permanent plans, such as cash value growth. Thus, variable life insurance stands out as a robust permanent option within life insurance offerings.