Term
life
insurance
____________________
the
____________________
value
if
the
insured
____________________
during
the
____________________
period
.
No
____________________
is
made
if
____________________
occurs
after
the
____________________
____________________
.
Term
life
insurance
may
be
____________________
and
/
or
____________________
to
whole
life
without
the
insured
having
to
____________________
that
he
/
she
is
still
____________________
.
Variable
Life
Insurance
Permanent
insurance
____________________
with
a
____________________
fund
.
VL
has
fixed
____________________
and
no
____________________
value
guarantees
.
The
____________________
selects
a
____________________
fund
(
offered
by
the
insurer
)
where
the
____________________
value
is
____________________
.
VL
is
/
was
____________________
when
____________________
markets
are
doing
well
.
A
____________________
death
benefit
is
guaranteed
,
but
it
can
be
____________________
if
investment
experience
is
____________________
.
Agents
____________________
VL
must
also
have
a
securities
____________________
.
Exactly
like
universal
life
,
but
with
____________________
exceptions
:
(
1
)
the
policyowner
____________________
the
____________________
(
2
)
a
____________________
____________________
____________________
is
not
guarantee
d
