What is variable universal life insurance?
Variable universal life insurance offers the security and tax advantages of life insurance coupled with the growth potential of equity investing. These life insurance products offer a unique way to preserve your assets from current taxation, transfer them to your beneficiaries, and accumulate additional assets at the same time. With a variable universal life product, you may allocate your premium to an account with a fixed rate of interest (Fixed Account), or to one or more separate investment accounts (Sub-Accounts). You have the risk of loss, but you also have the opportunity for greater returns than those normally available in a life insurance product.
This is a form of universal life insurance that combines the premium and death benefit flexibility of traditional universal life insurance and the investment flexibility and risks of variable life insurance. These products are considered securities because the policyowner assumes investment risk associated with the variable investment divisions, whose performance will fluctuate with market conditions. Variable Universal Life is offered by prospectus only, which contains complete information about the product including charges and expenses. Only registered representatives of NYLIFE Securities Inc. (member FINRA/SIPC) may offer this product. Click here for more information about Variable Universal Life.
A form of permanent life insurance designed to have flexible premiums, death benefits and cash values. The difference between Variable universal life and universal life is that the policy owner has the choice of investing in a variety of funds. The policyholder with a higher risk tolerance can earn market based investment returns. Current mortality and expenses may vary the insurance carrier’s experience and are not usually guaranteed.
This is a form of universal life insurance that combines the premium and death benefit flexibility of traditional universal life insurance and the investment flexibility and risks of variable life insurance. These products are considered securities because the policyowner assumes investment risk associated with the variable investment divisions, whose performance will fluctuate with market conditions. All guarantees associated with the product are based on the claims paying ability of NYLIAC and do not apply to the investment performance or the safety of the underlying investment divisions. Variable Universal Life is offered by prospectus only, which contains complete information about the product including charges and expenses. Only registered representatives of NYLIFE Securities LLC. (member FINRA/SIPC) may offer this product. Click here for more information about Variable Universal Life.
