What is variable universal life insurance? It is a permanent policy that combines a death benefit with market-based cash value and flexible premiums. Key facts VUL combines universal life flexibility with investment options whose values can rise or fall. The policyholder bears the investment risk for cash value allocated to variable subaccounts. Fees, insurance charges, … Read more

The bottom line What is universal life insurance? It is permanent life insurance with a death benefit and a cash value account, plus more flexibility in premium timing than whole life. That flexibility has a condition: charges must be covered or the policy can lapse, so the contract needs ongoing attention. Key facts Universal life … Read more

The bottom line How does universal life insurance work: universal life combines permanent death-benefit coverage with a cash value feature, while premium flexibility still depends on the policy’s funding rules. Charges, credited interest, payments, loans, and withdrawals can change the values shown in an illustration. Universal life is easier to evaluate when you separate the … Read more