Variable Universal Life Insurance

Definition

  • A flexible life insurance policy with policyholder adjustable premiums that allows the insured to use aggressive investment options while still providing a tax-efficient vehicle for transferring wealth to beneficiaries after the insured person's death.

Synonyms
flexible coverage, modifiable, resilient

Acronyms
VULI

Related Terms and Acronyms

  • Beneficiary Definition,
    • An individual or entity chosen to receive benefits from a will, trust, deed or insurance policy.
  • Foreign Variable Universal Life Insurance (FVUL)Acronym,
    • Premium Definition,
      • A payment made to an insurance company for insurance coverage.
    • Private Placement Variable Universal Life Insurance (PPVUL)Acronym,
      • Universal Life Insurance Definition,
        • A form of life insurance that offers flexible investment options and tax efficiency for estate management.
      • Variable Life Insurance (VLI) Acronym,
        • Life insurance that provides the policyholder the option to place some of his or her premiums into the insurer's investment portfolio, providing beneficiaries with a variable death benefit.
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