Variable Universal Life Insurance Protect loved ones and take advantage of market opportunities
If you’re are looking for flexible, long-term wealth accumulation with death benefit protection, variable universal life insurance can provide both, helping you feel more confident now and in retirement. With this type of insurance you can allocate assets to a choice of professionally managed portfolios to help grow wealth. You can also take advantage of tax-free withdrawals to help pay for larger expenses, such as a second home, education or to supplement your retirement income.
What is variable life insurance?
Variable universal life insurance is permanent life insurance that provides the protection you need while offering you the opportunity to invest in the market. You choose among available investment options and allocate assets to fit your individual investing style and risk tolerance. The cash value growth of a variable life insurance policy is not guaranteed.
Key benefits of variable universal life insurance include:
Income tax-free death benefit
Opportunities to participate in the equities market
Flexible death benefit and premium amounts
Income tax-free access to your cash value (when properly structured)
Remember, accessing policy cash value through loans and surrenders may cause a permanent reduction of policy cash values and death benefit. All guarantees are based on the continued claims paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will vary with market conditions.