VUL Education
Who may want to explore a VUL?
For the right person, one policy can protect a family, offer long-term cash value growth potential and provide benefits to use while living. These questions help you see whether that is you.
May be a fit
A VUL may be worth exploring if you…
- Need life insurance protection that lasts a lifetime, not just a set term
- Have already taken advantage of employer retirement plans and want another long-term strategy
- Are comfortable with market ups and downs and a long time horizon
- Can fund premiums consistently for many years
- Want flexibility to adjust premiums and investment choices as life changes
- Are planning for legacy goals or supplemental retirement income
May not be a fit
Another approach may fit better if you…
- Need coverage mainly for a specific period, such as until a mortgage is paid or children are grown
- Want guaranteed cash value growth or are uncomfortable with investment risk
- Have a tight budget where higher insurance costs would crowd out emergency savings or retirement contributions
- May need to access the money in the next several years
- Have not yet used the retirement plan at work, or don’t yet have an emergency fund
- Want something simple to set and forget: a VUL needs steady funding and a yearly review
Suitability comes first
Before any recommendation, a licensed professional reviews your objectives, finances, time horizon and risk tolerance. The website does not make recommendations.
Find your situation
Who often explores a VUL
Four situations come up most often. Each page explains where a VUL may fit, where it may not and what to compare.
Not sure where you fit?
A short consultation can answer that. No obligation.