Insurance > Index Universal Life Insurance

Variable Universal Life Insurance

We understand that having choices matters. If you're looking for a permanent life insurance policy with investment flexibility, consider Variable Universal Life (VUL) insurance. VUL allows you to customize your premium payments—choosing the amount and frequency within set limits. With a VUL policy, you gain access to diverse investment options, enabling you to align your choices with your financial goals and risk tolerance.

Who should consider Term life insurance?

Variable Universal Life (VUL) insurance gives you control over how your net premiums are invested, offering flexibility and growth potential. Your account value grows tax-deferred, meaning you won’t pay taxes on it while it accumulates. Like universal life insurance, VUL provides a permanent death benefit, ensuring financial protection for your loved ones.

Term Life features and benefits

Death benefits

Most Variable Universal Life (VUL) policies let you choose between a level death benefit or one that includes account value. This death benefit can help replace lost income, create a lasting legacy for your loved ones, or be used however you see fit.

Flexible premiums

As long as your account holds enough value to cover the monthly insurance costs and administrative fees, you have the flexibility to adjust your premium payments. Within set limits, you can choose how much to pay and when.

Account value potential

The premium amount you choose to pay can help your policy build account value. If it accumulates sufficient value, you can borrow from your policy for any purpose you decide.

Investment options

With VUL, you can distribute your net premium dollars between various investment options or the Guaranteed Principal Account (GPA). The GPA is a fixed account where allocated amounts accrue guaranteed daily interest.

What is the process for getting a variable universal life insurance policy?

Analyze

During your first phone call, your financial professional will ask key questions to understand your goals and objectives.

Recommend

After reviewing your full financial picture, your financial professional will suggest solutions to fill any gaps, helping you select the best products for your needs.

Purchase

If you agree with their recommendations, they will assist you in securing the necessary products and services to help safeguard your financial future, which may include a medical exam.

Review

Your financial professional will provide ongoing support through periodic reviews, ensuring your strategies remain effective and continue to align with your financial goals.