Variable Universal Life Insurance

Variable Universal life insurance offers protection as well as the ability to build cash value through underlying investment options.

Variable Universal Life Insurance (VUL) allows you the flexibility to vary your premium payments and death benefit amounts throughout the life of the policy (within limits).

VUL policies are a great fit for an individual with a higher risk tolerance and wants market risk to help potentially grow the cash value component of their policy.

Based on your goals, time frame, risk tolerance, clients will select from underlying investment options, which depending on the performance of your selected investments, the cash value of your policy can either increase or decrease.

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Additional reasons to purchase variable universal life insurance:

 

  • Unlike many other types of life insurance policies, VUL policies require the owners to take a more active approach in their policy.

    Policyholders will need to periodically check their investment options’ performance, cash value levels, and make adjustments as necessary.

  • If you fund the policy with cash exceeding that of the cost of insurance and other policy fees, the cash value in the policy has the potential for growth through market performance.

  • You may be able to access the policy’s cash value for personal use during the policy periods through either withdraws or loans.

    The amount of unpaid loans are deducted from the benefit amount at death.

    Withdraws made during the policy may affect the ability for the policy to last until death.