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Life Settlement
Educational Information
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DEFINITION OF VARIABLE UNIVERSAL LIFE INSURANCE

Variable Universal Life insurance is a combination of whole life insurance and term life insurance. The pricing of the policy is based on annual renewable term life insurance and increases each year. The premiums are flexible and are designed to cover the costs of the insurance with the difference being applied to a cash value that grows at a variable interest rate. Variable Universal life policies are more expensive than term life policies and typically less expensive than whole life policies. How this differs from Universal Life Insurance Policies is because the Policy Owner determines the percentage of the premiums and the cash in the accumulation/cash value that will be invested in various investment accounts offered by the life insurance carrier. This option by allowing the policy owner to choose the investments is what makes this product a security.

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