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Investments glossary

Variable Universal Life Insurance (VUL)


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Stay away from needle drugs. Richard Nixon is the only dope worth shooting.

— Abbie Hoffman

Variable universal life (VUL) is a type of permanent life insurance policy with a built-in savings component that allows for the investment of the cash value. Like standard universal life insurance, the premium is flexible. VUL policies typically have both a maximum cap and minimum floor on the investment return associated with the savings component.


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