What is VARIABLE UNIVERSAL LIFE INSURANCE?

Policy for life insurance featuring variable and universal life insurance. Allows policy owners to have benefits of life insurance for beneficiaries while using life insurance as a tool of savings and investment.

More On This Topic




Link to This Definition

Did you find this definition of VARIABLE UNIVERSAL LIFE INSURANCE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary