Premiums may be flexible. Death benefit may
be flexible. Cash accumulation is directly affected by the performance of
the investment accounts selected. The benefits and uses are very similar
to permanent insurance such as whole life and universal life where their values
increase based on a declared interest rate.
Clients may wish to
manage their own cash
value account. Example: Allocate cash values among various types of
investment divisions such as stocks, bonds, money market, etc.. Cash
values may increase or decrease depending on investment performance.