Category Archives: V – Asuransi Jiwa

variable universal life (VUL) insurance

A form of cash value life insur¬ance that combines the premium and death benefit flexibility of universal life insurance with the investment flexibility and risk of variable life insurance. Also known as flexible variable life

variable rate mortgage

See adjustable rate mortgage

variable rate certificate of deposit

A certificate of deposit that pays an ‘ interest rate that rises and falls in accordance with a benchmark rate. Also known as an adjustable rate CD

variable life (VL) insurance

A form of cash value life insurance in which premiums are fixed, but the face amount and other values may vary, reflecting the performance of the investment subaccounts selected by the policyowner

variable interest rate

An interest rate that fluctuates according to the rise and fall of interest rates in the marketplace

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