A variable universal life insurance policy is a form of whole life insurance. With a variable universal life insurance policy, not only are you offered flat-out life insurance, but you are also offered more security and investment components that are not offered with other kinds of life insurance policies.

The difference between a variable universal life insurance policy and any other kind of life insurance policy is that not only does variable universal life insurance offer a cash value element, it offers more flexibility and control over that cash value element than any other type of insurance.

A variable life insurance policy will insure you for life, and any cash accumulated with a variable universal life insurance policy is tax-deferred. This means you will not have to pay taxes on the money you earn.

Admittedly, there are investment risks that come with variable universal life insurance policies. If your investments are very successful, the person whom you have named as your beneficiary will be paid a fairly high death benefit. However, even if your account