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Variable life insurance is an insurance product designed to provide a death benefit to your beneficiaries when you pass away. In addition to a death benefit, the policy offers a cash value ...
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner.
Variable life insurance. Variable life insurance is a policy with a little more “investment power” built in. Here, your cash value isn’t just sitting in your cash value account; instead, it ...
Variable universal life insurance is a type of permanent life insurance policy, like whole life insurance. The growth in a VUL’s cash value is tax-deferred, like growth in a health savings ...
There are several types of universal life insurance policies, including interest-sensitive (also known as "traditional fixed universal life insurance"), variable universal life (VUL), guaranteed death benefit, and has equity-indexed universal life insurance. Universal life insurance policies have cash values.
Universal life insurance: Universal life insurance offers flexible premiums and death benefits, meaning that policyholders may adjust these amounts at some points in the policy’s life. Variable ...
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