A form of permanent life insurance that combines the premium and death benefit flexibility of universal life insurance with the investment flexibility and risk of variable life insurance. With this type of policy, the death benefit and the cash value fluctuate according to the contract's investment performance. Also known as universal life II. |
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Valued Policy
Vandalism Variable Annuity Variable Life Insurance Variable Premium Life Insurance Policy Variable Universal Life (VUL) Insurance Viatical Settlement Companies Void Volatility Volcano Coverage Volume.
