What is Variable-Universal Life?
Posted on December 10, 2009
Filed Under Related Information | Leave a Comment
Variable universal life insurance is a type of insurance that pays the beneficiary of the policy death benefits. This type of insurance policy is an investment, if the investment fails, there is a minimum amount guaranteed by the insurance company to be paid to the beneficiary upon the death of the insured. The variable universal life insurance provides the insured more control over the cash value portion of the policy, more than any other type of insurance in the market. The variable universal life insurance is a type of whole life insurance because it has similar elements like life insurance and securities contract. And since the investment risk is assumed by the policy owner, it is regulated by Federal Securities Law.
Comments
Leave a Reply