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Variable-Universal
Life Insurance
Variable-Universal Life
Variable universal life insurance pays your beneficiary a death benefit.The amount of the benefit is dependant on the success of your investments. If the investments fail, there is a guaranteed minimum death benefit paid to your beneficiary upon your death. Variable universal gives you more control of the cash value account portion of your policy than any other insurance type. A form of whole life insurance, it has elements of both life insurance and a securities contract. Because the policy owner assumes investment risks, variable universal products are regulated as securities under the Federal Securities Laws and must be sold with a prospectus.
Pros:
Variable-universal life enables you to make withdrawals or borrow from the policy during your lifetime, and it offers separate accounts in which to invest.
Cons:
It requires the policyholder to devote time in managing the policy's accounts. The policy's success is dependant on the investments you make. Premiums must be high enough to cover your insurance and your accounts.
Pricing:
Compare policies and prices by completing our simple LifeInsurance.Net Quote Request Form. You can get free, no-obligation quotes from up to three life insurance agents who specialize in variable-universal life.