What Is a Variable Sub Account?

Most large insurance companies can have will have a the basic way to do is they take a standard mutual fund and then they create a different version of it for the insurance company. It's just called a variable sub account. So you can have both a variable whole life policy or a very universal life insurance policy. Either are available. There's no technical reason why you can't have both. The performance of that con tract will be driven by the investments that are in it.