Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does variable universal life insurance differ from universal life insurance?

April 26, 2017differ Life Insurance universal

0

Posted

How does variable universal life insurance differ from universal life insurance?

1 Answer

0

Posted

Both universal life and variable universal life are flexible premium products. The policy owner determines the amount and frequency of premium payments, subject to guideline premium and the type of death benefit that fits their needs. Whereas with universal life insurance the company invests excess premiums at a standard monthly rate of return on investment, with variable universal life insurance the policy owner selects the investments of excess premiums in a variety of subaccounts within the product.