|As you are 65 years old now, the cost of insuring your life is much higher||Each type of policy carries a different level of risk|
|The rest of the death benefit the policy will pay will come from the cash value||In the early years of your policy, a larger portion of your premium is invested and allocated to the cash value account|
Variable life policies, on the other hand, can correspond more closely to the level of risk you might assume when investing in the stock market.20
|Over time, the amount allotted to cash value decreases||Then in later years, the cash value accumulation slows as you grow older and more of the premium is applied to the cost of insurance|
|Generally, this cash value can grow quickly in the early years of the policy|
The cash value grows or falls based on how well these subaccounts perform.