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Variable plays the market like a Mutual fund. And universal life sits still and gains interest without the market investment.

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โˆ™ 2005-12-08 05:00:01
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Nutrition

23 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

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Q: What is the difference between a variable whole life policy and a universal whole life policy?
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Related questions

What is the primary difference between universal life and variable universal life?

The primary difference is how the cash value is invested. Variable universal life means it is invested in stocks and mutual funds and a "fixed" universal life is usually dependent on interest rates. Both carry high risk, but a fixed universal life policy gives you a guarantee that it will not go below a certain interest rate, while variable universal policies usually do not.


Can variable universal life insurance be converted into a fixed account?

Variable universal life insurance is not an account. It is a policy that invests in separate accounts in an attempt to earn higher returns than a fixed policy. A variable universal life insurance policy can be converted into a different type of life insurance policy but not a different kind of account.


What does it cost to borrow from a variable universal life insurance policy?

the interest rate is stipulated in writing in the life insurance policy


What is the name of the life insurance policy that only a securities broker can offer?

Variable Universal Life (VUL)


What life policy offers the owner investment in products such as money-market funds long-term bonds and equities.?

Variable/Universal


Difference between fiscal and monetary policy?

difference between fisal and monetry policy


What is the difference between a term life insurance and an universal life insurance?

A term life insurance policy is a basic protection that covers expenses in case of an accidental death, it will sometimes cover debilitating injuries, but only briefly. A universal insurance policy covers a wider category and can sometimes be cashed in.


What is better Variable Universal Life or Universal Life?

Without knowing your circumstances, wants, needs and desires - the question can't be answered. I would suggest that you get proposals for both and then make a decesion. I agree with the previous person's answer. Generally speaking, Variable has a higher upside potential but no minimum floor. Universal Life has a guaranteed floor, but a smaller upside potential. A variable universal life policy is more subject to market risks. The policy holder is allowed to monitor a portion of the premium and direct it to stocks and bonds of his choice, within the company limits. If you have a confident understanding of stocks and bonds this may be a policy for you to consider. For more information please refer to Types of Life Insurance.


What is the difference between policy and guidelines?

the basic difference between policy and guideline is the policy is rules for whole org. and guideline is rule for execution of some work.


What is it called when a insurance policy is paid up?

"Paid up" is actually the terminology used in the insurance industry when describing a policy that no longer requires any premiums. When a policy is "paid up", there are no further premiums required for the policy to continue on for what should be lifetime. This can only occur with permanent forms of Life insurance such as Whole Life, Universal Life and Variable Universal Life.


What acknowledgement letter is required if a 75 year old man would like to purchase a Variable Universal Life Inusrance Policy?

variable life insurance for clients age 75 and over acknowledgement letter


Where can someone find information about what is the difference between whole life and term life insurance?

The basic difference between term and whole life insurance is this: A term policy is life coverage only. On the death of the insured it pays the face amount of the policy to the named beneficiary. You can buy term for periods of one year to 30 years. Whole life insurance, on the other hand, combines a term policy with an investment component. The investment could be in bonds and money-market instruments or stocks. The policy builds cash value that you can borrow against. The three most common types of whole life insurance are traditional whole life policies, universal and variable. With both whole life and term, you can lock in the same monthly payment over the life of the policy.


What type of life insurance product has variable premiums and face amount?

Universal Life insurance has variable premiums built into the policy (whether traditional Universal Life or Variable Universal Life). However, many people end up paying less than they need to and the policies don't work out the way they planned. If you do a Universal Life policy, make sure you have a trustworthy agent. As for variable face amounts, some term policies have built in options to enable increasing the face amount of the policy at certain points in time. This may also be an optional rider on some policies, but there is a cost to it. This can be a good idea if budget doesn't allow for the appropriate face amount. Often insurance companies will allow you to reduce the face amount of a policy and get a reduced premium. Permanent insurance (Whole Life and Universal Life) have variable face amounts based on dividends and interest that may add to the face amount over time. Feel free to ask more. Brian Lombardo, CPA, Agent


The difference between a passive and an active dividend policy.?

The difference between a passive and an active dividend policy lies in the amount of time between dividend disbursement. In a passive dividend policy, dividends are given when the company decides it is time. With an active dividend policy, dividends are disbursed at regular intervals.


What is the difference between Tight monetary policy from easy monetary policy?

pic


Does convertible term policy accumulate cash value?

Term insurance does not build any cash value until it is converted into a type of permanent product that does - whole life, indexed universal life, current assumption, variable universal life.


What is the difference between policy and policy statement?

Policy statement is what you say you are going to do. Policy is what you do, which should be in line with the policy statement.


What is the difference between developed nations policy and underdeveloped countries policy?

the ability to organize.


What is the difference between a 'policy' and a 'framework' specifcally in the context of risk management?

What is the difference between Education framework and plicy.


What is the difference between policy and practice in human resource?

Yes, there is difference between policy and practice. A policy is rules, regulations and procedures that you should follow within a practice.


What are some precautions when considering an indexed universal life insurance policy?

Indexed universal life insurance policies are similar to traditional universal life insurance in most ways. Traditionally a client is given the option to have a fixed rate or a variable rate for the entire policy with no cap on potential gains. While an Indexed policy gives the client the option to have a percentage at a fixed rate and the remaining portion in specific investments. With this hybrid style, there is less management resulting in lower fees, but their is a cap on potential gains.


What is the difference between monetary policy and fiscal policy?

Explain the government taxing and spending decision


What is the difference between a policy and a rule?

Policy means what you should do, rules are what you mustdo


What is the difference between rules and policies?

There is one main difference between rules and policies. A policy sets a standard for how things should go. A rule is a steadfast policy that cannot be bent for any reason.


What is the difference between policy making and decision making?

diffrent btw decition making and policy making