LYCOS RETRIEVER 
Variable Universal Life Insurance: Money
built 285 days ago
The life insurance cost associated with variable universal life insurance is higher than other types. However, along with this comes the advantage that you have a tax shelter. The money you make through investments will not be taxed until you cash in the policy. The monthly premium you pay ... varies, depending on market conditions. This may not appeal to you if you are on a fixed income and have to budget for the premiums.
Source:
Protective Premiere II is a variable universal life policy. Product features and availability may vary by state. For more information about Premiere II (VUL-06) and PLICO, including all charges and expenses, please read the prospectus. Investors should read the prospectus carefully before they can invest or send money. A prospectus may be obtained by contacting PLICO. This policy has limitations.
Source:
A variable universal life policy (VUL) is set up exactly like a universal life. With the universal life, you have a life insurance component and an accumulation or cash component. As long as you don't exceed the government limits—and turn the policy in to a Modified Endowment Contract which is taxable—you can put more money into the cash portion than you would need to pay the cost of insurance.
Source:
Because there is an investment component to variable universal life insurance, you should read a prospectus before investing or sending any money. The prospectus provides detailed information about the product's exclusions, limitations, risks, and charges.
Source:
A universal life insurance is a financial resource that provides money for your family in the event that you die. The money that is received by your family will come as a big help, since it will cover funeral costs, childcare, housing and other expenses that are difficult to compensate for without this type of insurance.
Source:
MORE ABOUT
Money