Series 66: Variable Universal Life Insurance

Taken from our Series 66 Online Guide

Variable Universal Life Insurance

Variable universal life insurance is a combination of variable and universal life insurance. The policyholder is still able to invest in separate accounts as a way to grow cash value, but the monthly premiums are flexible. The individual must pay enough in premiums to keep the policy from lapsing. This amount will vary depending upon the performance of the separate account.

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