Currency USD
Variable Universal Life Insurance order in Elmira
Order Variable Universal Life Insurance
Variable Universal Life Insurance

Variable Universal Life Insurance

Reconfirm the price with seller
Seller
USA, Elmira
(View map)
+1(6 
Display phones
Description
Variable Universal Life Insurance (VUL) is a type of life insurance that builds cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which 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 separate accounts whose values vary—they vary because they are invested in stock and/or bond markets. The 'universal' component in the name refers 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 Internal Revenue Code for life insurance. The cash value in life insurance is able to earn investment returns without incurring current income tax as long as it meets the definition of life insurance and the policy remains in force. The tax free investment returns could be considered to be used to pay for the costs of insurance inside the policy.
Contact the seller
Variable Universal Life Insurance
Variable Universal Life Insurance
Compare0
ClearSelected items: 0