What is a universal life policy variable?
Variable universal life (VUL) insurance is a form of permanent life insurance. It combines the main benefit of life insurance—a financial payout to your loved ones when you die—with investment subaccounts. These investment subaccounts can be used to invest the cash value of your policy.
What is true about a variable life insurance policy?
Variable universal life is a type of permanent life insurance policy. With features that include cash value, investment variety, flexible premiums and a flexible death benefit.
Which of the following are the features of a variable life insurance policy?
The correct answer is: Interest earned is credited to the death benefit. Which policy has fixed premiums, a guaranteed minimum death benefit and nonguaranteed cash values? These are all characteristics of variable whole life insurance.
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