What Is Group Variable Universal Life Insurance?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is an excellent question! I'm assuming that you are seeing this in a benefits package, in some form of retirement plan? A variable UL policy is a securities regulated product, that grows (or loses) cash value based upon the investments made within the policy. You are offered a selection of investments, (or your company chooses them for you, and you choose whether to participate or not) and your policy prospers, or suffers according to the performance of those investments. The "group" means that many people are participating in the plan, not just yourself. (Your health insurance offered through work, and your life insurance are group plans also.) Many companies use this type of policy to try and build large amounts of cash value, which they then take out in the form of loans to pay the benefits promised to the plan participants. I hope that helps, thank you for asking!
    Answered on October 6, 2014
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