Variable Universal Life Insurance

Variable universal life insurance is a long-term product that offers a flexible premium schedule and a minimum death benefit. But it differs from traditional whole life insurance in that cash values are invested in portfolios of securities in an account separate from the general assets of the insurance company (sub-accounts). A policyholder has discretion in choosing the mix of investments the policy offers. The insurance company does not guarantee investment returns and your cash value will fluctuate. There are fees and charges associated with variable universal life insurance that you should be aware of before you invest.