1. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    A variable universal life insurance policy is a permanent life insurance policy designed to grow cash value similar to the growth of mutual funds. You will see the growth and the loss in these type of policies. Please talk to a Registered Representative who is able to design these type of policies to get an illustration for your review.
    Answered on October 14, 2014
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A variable universal life insurance policy is a form of permanent insurance. That means that the policy is designed to last the lifetime of the insured. Unlike traditional whole life, the cash value of the policy is not invested in the general fund of the insurance company. Unlike a universal life policy the cash value is not invested in a separate fund. Instead the cash value is invested at your direction into a series of funds that are a part of the company’s investment options.
    Answered on October 14, 2014
  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    A variable universal life insurance policy is a policy that provides protection after death via a death benefit (the universal life part), and cash generation while alive via investments in separate accounts (the variable part). There may be a guaranteed death benefit, but the cash value in a VUL is not guaranteed, and you could take a loss with this type of policy, just as you can in the stock market.
    Answered on May 12, 2015
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