Get Variable Life Insurance And Universal Life Insurance Are Very Similar Background
Get Variable Life Insurance And Universal Life Insurance Are Very Similar
Background. The primary difference is that you invest the cash value in grouped investments that are similar to mutual funds. Variable life insurance and variable universal life insurance are investments with life insurance attached, designed for people with higher risk variable universal life insurance, often called vul, has a similar flexibility in its death benefit, while also offering adjustable premium payments.
Variable universal life insurance is similar to universal life insurance in that premium payments are flexible and the cost of insurance rises over time.
Which of these features are held exclusively by variable universal life insurance? The first is to protect your family. While a universal life policy doesn't pay dividends like a guardian whole life policy, it can provide cash value growth along with similar tax deferral, loan. Variable universal life insurance very similar to an indexed universal life insurance policy.