What type of life insurance's premium is partly invested in the company's portfolio, potentially affecting the death benefit?

Variable life insurance features a premium that is partially allocated to a separate investment account managed by the insurance company. This means that policyholders have the opportunity to choose from a variety of investment options, such as stocks and bonds, which can grow in value based on market performance. The key aspect of variable life insurance is that the cash value and death benefit can fluctuate with the performance of these investments. If the investments perform well, both the cash value and the death benefit can increase; conversely, if the investments perform poorly, they could decrease. This investment element distinguishes variable life insurance from other types, where premiums are generally guaranteed to yield a specific benefit regardless of market conditions.