Intro to variable universal life insurance
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Intro to variable universal life insurance

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Published by Life Office Management Association in Atlanta, GA .
Written in English


  • Insurance, Life -- Variable policies,
  • Universal life insurance

Book details:

Edition Notes

StatementDeborah Bellange, Dani L. Long.
SeriesStepone series
ContributionsLong, Dani L.
LC ClassificationsHG8823 .B44 2000
The Physical Object
Paginationix, 106 p. :
Number of Pages106
ID Numbers
Open LibraryOL3703868M
ISBN 101579740340
LC Control Number2003271513

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The main features of a variable universal life policy are a mix of those typically found in variable life and universal life policies: Your premiums are adjustable. You have the ability to skip a payment or even stop paying your premium if the cash value of your policy can cover the costs, says the nonprofit group Life : Allstate.   Variable universal life insurance (also VUL, for short) represents a hybrid form which combines the best features of two insurance types into one which offers superior flexibility. This trait extends to almost every aspect of this insurance, within limits, of course. There’s a reason insurance companies try to sell you universal life insurance. It’s because they make more money if they do. Universal vs. Whole Life Insurance. Chances are, if you’re here reading about universal life insurance, you’ve probably heard of whole life insurance too. Both are designed to be long term. Both build cash value. Variable universal life insurance (often shortened to 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, similar to mutual funds, and the choice of which of the available separate accounts to .

  Universal life is a popular option that acts like whole life. It is a renewable policy — the investment component, premiums, and death benefits can be renewed and changed based upon the policy owner's needs. The policy owner has flexibility over the policy — money can be moved between the insurance and investment components of the policy.   In this circumstance, the person they were working with recommended that they fund a variable universal life insurance policy as a “personal deferred comp plan.” The rep positioned the idea as a way to provide a death benefit to cover mortality risk while offering a tax-free savings vehicle for retirement and their kids’ college tuition. Variable Universal Life (VUL) is defined as a permanent type of cash value life insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds. Permanent life insurance is called such because it is in force permanently (as long as you pay your premium payments).   Variable life insurance is a type of permanent life insurance with a cash value and with investment options that work like a mutual fund. Universal life insurance is a type of permanent life insurance with a cash value that grows based on the current interest rate set by the insurer.

Life Insurance Book Review: This life insurance book isn’t recommended for everyone as the content of the book is priceless and this book is a little expensive since it is out of print as of now. If you have very much concerned about life insurance and you have enough money to buy a book over $, this is the only book you should read. Variable Universal Life insurance or in short VUL is sold by insurance agents as a smart investment to unsuspecting people. The pitch usually goes like this: You invest in .   An insurance agent who is a “believer” in the value of index universal life insurance recently set me an illustration for what he considered to be the best Index Universal Life Insurance (IUL) policy out there. “Best” was defined as having the best annualized return on the cash value. I thought it might be interesting to look at it. This calculator helps you determine the return on a universal life insurance policy. Your expected return is based on the policy amount, and your life insurance company's investment performance, policy premiums and tax rates. In the event of your death, your universal life insurance policy pays a benefit to your beneficiary, and coverage persists for as long as payments are made.