Variable Universal Life Insurance
Variable universal life insurance is a type of cash-value life insurance. That means that, like all life insurance, the policy comes with a cash payout when the policy holder dies. However, as a cash-value insurance policy, it also has a cash value that grows with time. The policy holder can borrow against the value of the policy. Also, the policy holder can choose to invest the premiums with a choice of investment opportunities. With this part of the plan, the policy can fluctuate in the actual value depending on how well the investments do.
(Source:lifecoverpro)
