Smith, Mike, CPFHayhoe, Celia Ray2014-08-122014-08-122009-05-01http://hdl.handle.net/10919/49743The term "variable" simply refers to "different investment options." Variable universal-life insurance allows the policy-owner to choose how the cash value is invested. Some variable policies have up to 50 different "sub-accounts" from which to choose.2 pagesapplication/pdfen-USVirginia Cooperative Extension materials are available for public use, re-print, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.Family Financial ManagementExtension publicationhttp://pubs.ext.vt.edu/354/354-147/354-147_pdf.pdfInsuranceLife insurancePolicy