How Do You Buy Variable Universal Life Insurance?
If you don’t mind the market risks, consider a variable universal life insurance policy (VUL) that lets you invest your cash values in mutual funds. Make sure you are the kind of person who can be comfortable with the ups and downs of market fluctuations. “Variable” means the returns of invested cash values and the death benefit they support are not guaranteed, and “universal” means the policy has a high level of flexibility. Go through the appropriate steps to determine if you need life insurance and, if you do, how much you need. Get recommendations from trusted friends regarding the choice of a qualified and experienced life insurance agent. Interview the insurance agent to make sure he or she is knowledgeable about variable insurance contracts and capable of shopping the market for you. Choose an insurance company that has consistently received high ratings from major rating services, such as AM Best, Standard & Poors, Moody’s and Duff & Phelps. Take the time to study the prospectu
