Page 93 - Book5E

Variable life: a permanent policy under which the cash value of the policy may fluctuate according to the investment option performance of a separate account fund; most variable life policies guarantee that the death benefit will not fall below a specified minimum.
Wants: things you don’t really need to spend your money on.
Whole life: a permanent policy designed to last for life and for which premiums stay level.
Glossary
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