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What is vul in insurance?


Asked By: Saloni Kalla



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Variable universal life insurance is a type of life insurance that builds a cash value. Variable universal life (VUL) is a type of permanent life insurance policy with a built-in savings component that allows for the investment of the cash value. In a variable life insurance policy, the bulk of the premium is invested in one or more separate investment accounts, with the opportunity to select. Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. There's a lot of people who misunderstand what a VUL is, or what's the purpose of a. Like whole life and universal life (UL) insurance, VUL is a permanent* life insurance policy with the potential to earn cash-value over time.

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