Benefits of Life Insurance Full Size Version Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Contents Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? Variable Universal Life Insurance Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested. Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.