What Is A Variable Universal Life Insurance?

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    David RacichPRO
    Fountain Hills, Arizona
    Variable universal life insurance is a security governed by FINRA and an insurance product regulated by the department of insurance in each state. Basically variable universal life has two accounts: the general account with interest rate crediting and the separate account crediting or debiting from equity and bond like instruments, i.e. you can make money you can lose money. The death benefit proceeds generally pass to the policy beneficiaries tax free and the cash values can be used as a supplemental retirement plan.
    Answered on July 24, 2013
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