BLOG | Variable Universal Life Policy

Can I switch investments within my VUL?

by crispin0 | Aug 20, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Yes, most policies allow fund transfers (sometimes with limits or fees).

Is VUL insurance a type of permanent insurance?

by crispin0 | Aug 19, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Yes, it offers lifelong coverage, provided premiums are paid and the policy remains funded.

What happens if the policy lapses?

by crispin0 | Aug 11, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Coverage ends and you may owe taxes on gains if the policy was surrendered.

How much does VUL insurance cost?

by crispin0 | Jul 31, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Costs vary by age, health, coverage amount, and chosen investments.

Can I change my premium payments?

by crispin0 | Jul 24, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Yes, VUL offers flexibility—you can increase, decrease, or skip payments (within policy limits).

How is the death benefit determined?

by crispin0 | Jul 23, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

It’s a combination of the base death benefit and potentially the cash value.

Can I pay extra into the policy?

by crispin0 | Jul 21, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Yes, you can make additional payments to boost your investment component (up to IRS limits).

What are the fees in a VUL policy?

by crispin0 | Jul 19, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Includes cost of insurance, admin fees, fund management fees, and surrender charges.

Is the death benefit taxable?

by crispin0 | Jul 12, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Usually not—death benefits are generally income tax-free to beneficiaries.

What’s the biggest risk with VUL?

by crispin0 | Jul 7, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Market volatility reducing cash value and causing policy lapse.

Who should consider VUL insurance?

by crispin0 | Jul 6, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

People needing lifelong coverage with higher risk tolerance and long-term investment goals.

Can I access the cash value?

by crispin0 | Jul 5, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Yes—via loans, withdrawals, or surrendering the policy.

What should I ask an agent before buying VUL?

by crispin0 | Jul 4, 2025 | FAQ, Insurance, Life Insurance, VUL Insurance

Total fees Investment options Flexibility on premiums Policy illustrations Risks of lapse

Is VUL suitable for young professionals?