Variable life insurance policies typically do NOT offer which of the following?

Variable life insurance policies are designed to provide policyholders with both life insurance protection and investment opportunities. They allow individuals to invest the cash value in various investment options, such as stocks or mutual funds, which can lead to varying account values based on market performance.

The characteristic that variable life insurance typically does not offer is account value guarantees. This means that the cash value of the policy can fluctuate based on the performance of the investments chosen by the policyholder. Unlike whole life insurance, which often provides a guaranteed account value along with fixed premiums, variable life insurance exposes the policyholder to investment risks, and there is no assurance of a minimum value.

On the other hand, flexible premium payments, investment component options, and loan provisions are commonly included in variable life policies, allowing for adaptability in payments, choices in investment allocations, and access to policy loans based on the accumulated cash value. This variability is a hallmark of the product, catering to those looking for more dynamic options in both insurance and investment.