VARIABLE UNIVERSAL LIFE

Variable Universal Life (VUL) is a type of life insurance, that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts and the choice of the available separate accounts to use is entirely up to the contract owner. The 'variable' component in the name refers to this ability to invest in alternative investments. The investment returns and principal value of the available sub-account portfolios will fluctuate such that the value of an investor’s unit, when redeemed, may be worth more or less than the original cost. Sub-accounts are subject to management fees.  The 'universal' component in the name is used to refer to the flexibility the owner has in making premium payments. The premiums can vary from nothing in a given month up to maximums defined by the IRS code for life insurance.

Who Should Consider VUL Insurance? 

• Individuals who want to take advantage of flexible payments and investment options.

Benefits of Variable Life Insurance

• Flexibility - Opportunity to allocate net premiums among a variety of investment options.
• Tax Treatment - Federal income tax deferral on any growth in the policy account value.

Guarantees, including death benefits, for Universal Life and Variable Universal Life Insurance are based on claims-paying-ability of the insuring Insurance Company.  Withdrawals and loans may be subject to policy limitations and income tax.  Outstanding policy loans at death, and withdrawals, will reduce the policy death benefits and cash values.

Contact us for more information and to discuss your individual needs. Consultations and insurance quotes are provided at no charge to you. You may also request an insurance review.