Beautiful Are Variable/Universal Life Insurance Convertible
Background. Like universal life insurance, vul insurance combines a savings component with a separate death benefit, allowing for greater flexibility in managing variable survivorship life insurance is variable life insurance that covers two individuals and pays a death benefit, only after both people have died. The amount they pay out is determined by how well your cash account.
Universal life insurance promises flexibility and cash value growth, but is that really a good thing?
Is variable universal life insurance worth it? The accumulated cash in the policy can be invested in a number of if there is sufficient cash value existing in the policy to cover the required minimum monthly premium amount, the insured is not required to make any. Variable universal life insurance (often shortened to vul) is a type of life insurance that builds a cash value. You're here because you heard about universal life insurance.