Insurance, Annuities, and Investments
Variable Universal Life Insurance
We know that choice can make all the difference. So if you want a permanent life insurance policy that lets you make your own investment choices within your policy, consider variable universal life insurance (VUL). VUL allows flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits. A VUL policy provides access to many different investment options, which allows you to choose options that align with your goals and tolerance for market and investment risk.
Death BenefitMost VUL policies allow you to choose a level death benefit or one that includes account value. The death benefit can be used to replace lost income, leave a legacy for the next generation, or for anything else you choose.
Flexible PremiumsAs long as you have enough value in your account to pay for the monthly cost of insurance and administrative charges, you can vary your premium payments. Within limits, you can decide how much and when you will pay.
Account Value PotentialA variable universal life policy may accumulate account value, depending on the premium paid and investment performance. You can borrow from the account value for any purpose you choose.1
Investment OptionsWith VUL, you can allocate premium dollars among the investment options or to the Guaranteed Principal Account (GPA). The GPA is a fixed account; amounts allocated to the GPA earn guaranteed interest daily.2
View Product/Fund Performance and Regulatory Documents
1Access to account values through borrowing and/or withdrawals will reduce the cash surrender value and may reduce the policy death benefit. Taking a policy loan could have adverse tax consequences if the policy terminates upon lapse or surrender or before the insured's death.
2Guarantees are based on the claims paying ability of the issuing company or companies.