Variable Universal Life Insurance
Variable Universal Life
Variable Universal Life Insurance offers permanent lifetime insurance protection, flexible premium payments and the ability to build cash value. You have the opportunity to accumulate cash value by choosing from a variety of investment options across risk categories. Variable universal life policies have the potential for greater cash value growth than other types of life insurance. They can also lose cash value. If you’re comfortable with market fluctuations, this type of policy may be an option to consider.
Before you purchase variable universal life insurance, you may want to consider the following:
- Your policy’s account value will vary depending upon the performance of the investment options selected (which is not guaranteed).
- You can take money from the policy via withdrawals and loans. However, keep in mind that this will decrease the cash value and death benefit if the amount borrowed is not repaid.
- You can transfer funds among different investment options to allow you to develop a strategy that works for you as your needs change over your lifetime.