With all other types of life insurance, you simply pay a premium for protection that provides death benefits in the event of your passing. With variable universal life insurance, you can invest a portion of your cash value accumulation in investment-based products.

Now, you have the flexibility of a universal life insurance policy with the added feature of investing small amounts of your premium to try and capitalize on greater investment potential.

Further, you can use your cash value accumulation as collateral to receive bank loans, which you cannot do with many other life insurance policies.

If you’re interested in learning more about variable universal life insurance or want help deciding if it’s right for you, contact one of our Registered Representatives today.

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing. Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy.

Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.