How Does A Variable Universal Life Insurance Work?
- 4249 POINTSview profileGary LanePresident, Lane Independent Agency, Southern CaliforniaThis type of life insurance is intended to be a permanent policy, which will never go away and protect you until your death. The premiums are variable, depending upon meeting payments within a certain range of guidelines, depending on your cash flow that month. It will accumulate value, depending upon the economy. It is pegged to a variety of market indexes, from which you may selected. Unlike whole life, which is fixed, universal has some variable qualities, allowing you to take advantage of the stock market's growth. An indexed universal gives you some benefits of both whole and universal, by limiting the growth to a percentage of the market's growth, while ensuring you never can lose money. Thank you. GARY LANE.Answered on May 24, 2014flag this answer
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