Variable Whole Life has which of the following features?

Variable Whole Life insurance does not provide an opportunity for unlimited coverage. Instead, the amount of coverage is subject to underwriting guidelines and the policyholder's insurability, which limits the maximum coverage amount that can be obtained.

While Variable Whole Life policies do accumulate cash value, this cash value is not guaranteed in the same manner as in traditional whole life policies. The cash value is dependent on the performance of the investments chosen by the policyholder, meaning it can fluctuate and may not have a guaranteed minimum.

Variable Whole Life policies typically do not have a fixed death benefit. Instead, the death benefit can vary based on the performance of the investment component of the policy, which contrasts with other life insurance types that offer a fixed death benefit throughout the policy's duration.