Next on the list of permanent flavors: The lime flavor

Variable life

This policy combines death protection with a savings account that you can invest (good luck with that if you were that good with investing of your own…) in stocks, bonds, money market and mutual funds. The value of your policy may grow more quickly, but you also have more risk. Way more risk, way-way more risk. Maybe even way-way-way more risk. If your investments do not perform well, your cash value and death benefit may decrease. Some policies, however, guarantee that your death benefit will not fall below a minimum level. (Really?)