What does Variable Universal Life mean? Read on to discover the definition & meaning of the term Variable Universal Life - to help you better understand the language used in insurance policies.
Variable Universal Life
combines the flexible premium features of universal life with the component of variable life in which excess credited to the cash value of the account depends on investment results of separate accounts. The policyholder selects the accounts into which the premium payments are to be made.
We hope the you have a better understanding of the meaning of Variable Universal Life.