Variable Universal Life Insurance

Variable Universal Life Insurance

Variable Universal Life Insurance examines the key features of VUL products, including their flexible premiums, adjustable coverage, expense and mortality charges and death benefit options.

Upon completion of the course, the student should be able to:

  • Describe the flexibility of variable universal life insurance premiums and the adjustability of its death benefit;
  • Compare and contrast variable universal life death benefit Option A, B and C;
  • Explain the applicable variable universal life expense and mortality charges;
  • Calculate variable universal life coverage, net amount at risk, cash value and mortality charges;
  • Understand variable universal life transactions, premiums, surrenders, loans and withdrawals;
  • Discuss the special VUL policyowner rights;
  • Explain the tools available to a VUL policyowner to manage cash value volatility;
  • Identify the basic VUL variable subaccounts and the risks normally found in various classes of investments;
  • Apply the FINRA guidelines with respect to VUL suitability; and
  • Identify variable universal life suitability factors.

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