Review:
Variable Universal Life Insurance
overall review score: 4.2
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score is between 0 and 5
Variable universal life insurance is a type of permanent life insurance that allows the policyholder to invest the cash value of the policy in various investment options.
Key Features
- Flexibility in premium payments
- Ability to adjust death benefit
- Options for investment in equity or fixed income securities
- Tax-deferred growth of cash value
Pros
- Potential for growth of cash value through investments
- Flexibility in premium payments and death benefit adjustments
- Tax advantages for policyholders
Cons
- Complexity of investment options may be overwhelming for some individuals
- Risk of loss if investments underperform