What Is Universal Variable Life Insurance?

1. 

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   Lenny Robbins

   Principal, LifeNet Insurance Solutions, Redmond, WA

   Universal Variable Life Insurance is a policy with is a type of permanent coverage in which the cash portion of the policy is invested in securities. These policies are heavily marketed because of the high commissions, however I would look at an indexed universal policy if you are looking for growth. Most independent sources recommend variable products only if you are young enough to overcome some heavy charges.

   Answered on November 5, 2014

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2. 

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   Peggy Mace

   Most of the U.S.

   Universal Variable Life Insurance (or VUL - Variable Universal Life insurance) is a form of life insurance that has a death benefit and investment component. Agents who sell Variable Universal Life must have a securities license in addition to a life insurance license. The variable part of the title refers to the investment aspect; the universal part of the title refers to the insurance aspect of this product.

   Answered on May 12, 2015

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