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Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts , similar to mutual funds , and the choice of which of the available separate accounts to use is entirely up to the contract owner.
Indexed universal life insurance is similar to other types of permanent life insurance. The primary difference is that the performance of a stock index, like the S&P 500 and Nasdaq 100, determines ...
Universal life insurance offers several key benefits, making it a potentially attractive option for those seeking a life insurance product. The main pros include flexibility, cash value growth ...
The post Why Life Insurance Is Not a Scam and How It Can Help You appeared first on SmartReads by SmartAsset. Life insurance is a financial tool that can offer cash value, peace of mind and a ...
These review ratings are out of five stars, and they're separate from BBB letter grades and accreditation. That means you could find a company with three out of five stars among reviews, but an A+ ...
A life insurance-licensed representative is not required to hold a mutual fund license or securities license in order to sell this product. Also, the article implies that a VUL is a security. This is also incorrect - it is a life insurance policy and is governed as such under the Insurance Act, regardless of the nature of the underlying holdings.
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