If you are looking for life insurance that offers flexible premiums along with the ability to increase or decrease your coverage, while providing a variety of investment options, then a Variable Universal Life (VUL) product might be a product to consider. Your VUL policy will provide security today with the cash value growth potential you need for tomorrow.
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Key benefits
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Why is this important?
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Premium flexibility | The ability to increase or decrease premiums in the future to accommodate your budget or cash flow needs. |
Death benefit flexibility | The option to adjust the policy’s death benefit should your life insurance protection needs change in the future. |
Builds cash value | Accumulates valuable long-term cash values for future cash needs such as helping fund a child’s college education, paying off your mortgage early, funding a business opportunity or supplementing retirement income. |
Tax advantages | Life insurance death proceeds are paid out income-tax free and the VUL policy’s cash values accumulate tax-deferred, an important feature when you consider how taxation can have an adverse effect on your savings growth potential. |
Favorable loan feature | The ability to access the VUL policy’s cash value tax-free through policy loans allows you to maximize your cash needs without sacrificing valuable life insurance protection. (Loan balances will reduce the death benefit.) |
Customizable | The option to design a VUL policy that reflects your particular needs and situation. |
Investment options | A Variable Universal Life policy allows you to decide how to invest your contract value. You can choose a variety of investments, some of which offer the potential for higher returns. Of course, investing in variable subaccounts involves risks that should be considered before making these choices. |
Increase premiums to accumulate cash value more rapidly or to eliminate premiums in later years
Decrease premiums when cash flow is a consideration
Stop premiums for a period of time
