Which product combines features of whole life, universal life, and variable life?

Variable Universal Life combines features of whole life, universal life, and variable life insurance. This type of insurance offers the policyholder flexible premium payments, as seen in universal life, while also allowing for investment choices within the policy's cash value, a characteristic of variable life insurance. Additionally, similar to whole life insurance, it can provide a death benefit to beneficiaries.

This flexibility allows policyholders to adjust their premium payments and death benefits, accommodating changes in their financial circumstances or goals. The investment component enables the potential for growth of the cash value based on the performance of selected mutual funds or other investment options. This integration of features from different life insurance products makes Variable Universal Life a versatile option for individuals seeking both life coverage and investment opportunities.