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Pictures. In the following article on variable universal life insurance, we will cover the history of the product. Understand how a variable universal life insurance policy from prudential can help you protect the people you love while having the potential to if you would like to get life insurance coverage for your minor children.
Variable life insurance is a form of life insurance. There is no guarantee that any of the variable options in this product will meet its stated goals or objectives. Variable universal life is a type of permanent life insurance policy with features that include cash value, investment variety, flexible premiums and a flexible death benefit.
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Universal life insurance is a contract which allows the owner to pay more premiums or less, skip some and catch up later. Variable life insurance and vul both have a variable death benefit. Variable universal life insurance and others. In a vul, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds.