单词 | variable universal life insurance |
释义 | variable universal life insurance in Insurance (vɛəriəbəl yunɪvɜrsəl laɪf ɪnʃʊərəns) or VUL noun (Insurance: Life insurance) insurance , insurance , insurance Variable universal life insurance is a type of life insurance that allows you to invest the cash value in a wide variety of separate accounts. A variable universal life insurance policy provides for life insurance, the amount or duration of which varies accordingto the investment experience of any separate account or accounts. When you buy a variable universal life insurance policy, you allocate your premium payments to a separate account, which is made upof variable sub-accounts. Variable universal life insurance is a type of life insurance that allows you to invest the cash value in a wide varietyof separate accounts. |
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