| Term and cash value split into distinct accounts; Owner can direct
cash value part of premium to several "mutual fund-like"
sub-accounts |
Fixed premiums; Owner directs investment portion into chosen
sub-accounts |
Amount depends primarily on performance of sub-accounts |
Potential for investment return beyond that possible with
"general account" policies |
Poor investment performance can drain or eliminate cash value
(although face amount is guaranteed) |
Young buyers; Buyers looking to direct their investments; Buyers with
long-term insurance and investment needs |