variable universal life insurance

variable universal life insurance definition - business

variable universal life insurance

A blend of universal and variable life insurance that allows flexible premiums (within a range) and gives the policyholder a choice of investments. Cash values accumulate tax deferred, and the death benefit can vary depending on investment results. Variable universal life insurance is best suited for young individuals who have a basic understanding of investing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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