A product provides annuity benefits that may vary according to the investment experience of any separate account or accounts maintained by the insurer. This contract is known as

Variable life insurance combines life insurance with an investment component, allowing the policyholder to allocate premiums to various investment options. However, it primarily focuses on life insurance protection rather than annuity benefits, which are specifically designed for retirement income.

Adjustable life insurance is a flexible policy that allows policyholders to adjust the death benefit and premium payments. While it provides some investment options, it does not specifically address the variable nature of annuity benefits tied to investment performance, making it different from a variable annuity.

Flexible premium variable life insurance allows for varying premium payments and investment choices, but it is not primarily an annuity product. Its focus is on life insurance coverage with investment growth potential rather than providing variable annuity benefits, which are more suited for retirement income.