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Variable Universal Life Insurance

Insurance providers have made great leaps and bounds by providing the separate types of life insurance, but even greater are the combination insurance policies that can better serve you and your family, allowing you to choose two types of insurance at one time, and you can have the benefits of both without having to pay extra.

As with universal insurance, variable universal life insurance allows you to allot a part of your accumulated cash values into an investment, and also lets you put those cash values toward your premiums, as with term life insurance, or towards bank loans. This type of insurance policy allows for much more flexibility than its single counterparts, permitting you to pay a large premium in one payment, and then skipping the next payment. Additionally, you may also increase the amount of coverage you have, an option not offered by term life insurance. If you would like to look further into this policy, speak with your insurance provider for more specific information.