Wealth &
Protection Planning

Variable Universal Life Insurance

Variable universal life insurance (VUL) is an insurance product that offers flexibility with respect to premium level, premium frequency, and death benefit.  VUL, like variable annuities, gives the policyholder the option to invest his or her premium payments in a wide array of variable investment options that offer portfolios from conservative to aggressive.  The policyholder can also change the amount and frequency of the premium at any time and the death benefit can be increased or decreased to suit the needs of the policyholder. 

Like variable annuities, the cash value of the VUL policy will fluctuate depending on the underlying performance of the variable accounts chosen by the policyholder.  The death benefit may also be affected by increases or decreases to the variable account values.  Before choosing a VUL policy, a prospective policyholder should review his or her need for life insurance and read the VUL prospectus carefully before making any investment decisions.

Contact a STRIVE Wealth Advisor for more information about variable universal life insurance. 

Sound Basis - Variable Universal Life Insurance

As personal situations change, so will an individual's life insurance needs. Care should be taken to ensure these strategies and products are suitable for long-term life insurance needs. Objectives, time horizon, risk tolerance, as well as any associated costs should be considered before investing. Market volatility can lead to the possibility of the need for additional premium in a policy. Variable life insurance has fees and charges that include costs of insurance which vary based on gender, health, age, underlying fund charges and expenses, and additional charges for riders.

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