Also known as: Universal variable life insurance Description: Variable universal life insurance is a type of whole life insurance that
provides greater potential for financial gain--and brings greater risks.
Like universal life insurance, variable universal life insurance offers
flexible premiums, payment schedules and benefits. Variable universal life
insurance policies generally offer a wider selection of investment
products, including stock funds. Features: Benefits:
Variable universal life insurance covers the policyholder uninterrupted
until his death. The investment component can result in increased income in
retirement.
Disadvantages
Variable universal life policies are riskier because the premiums are
invested in stocks, rather than more predictable money market accounts and
bonds. |
