Variable-universal life insurance policies have more flexibility than either universal or variable life insurance.

Question

Variable-universal life insurance policies have more flexibility than either universal or variable life insurance.​

Quizplus · Accepted Answer

Variable-universal life insurance policies allow policyholders to adjust both the premium and death benefit amounts, as well as invest the cash value component in a variety of investment options such as stocks or mutual funds. This gives them more flexibility than either universal or variable life insurance policies which only allow for changes in premium or death benefit amounts respectively.

Variable-Universal Life Insurance Policies Have More Flexibility Than Either Universal