Variable Universal Life Insurance offers many of the same features found in Universal Life. (Click here to read about Universal Life)
The most prominent difference between Variable Universal Life and Universal Life is the Variable Universal Life policyholder is able to direct where net premiums will be invested. Once the cost of protection (death benefit) and policy expenses are deducted from the premium, the remainder goes directly into investment options selected by the policy owner.
Typically the policy owner can choose among a number of investment options which invest in underlying mutual funds, such as:
- Domestic Stock Accounts
- International Stock Accounts
- Bond Accounts
- Balanced Accounts
- Money Market Accounts
The values of these accounts at death or retirement will depend upon the performance of the investment options selected. Growth is not guaranteed.
Let us help you determine if Variable Universal Life Insurance fits your Life Insurance needs.
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Securities and Investment Advisory Services offered through Allegheny Investments, Ltd., member FINRA/SIPC. Stone Quarry Crossing, 811 Camp Horne Road, Suite 100, Pittsburgh, PA 15237 (412) 367-3880. Neil Merrell, Allegheny Investments Registered Representative. Allegheny Investments, Ltd. is not an affilitate of The Guard Group. |
