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Variable Universal Life Insurance

Planning for the future can cause a good deal of stress. Dealing with life insurance can be one of the most stressful and traumatic facets of this planning. There are a several types of life protection and it is difficult to know which one is right for you and your family.

Variable Universal Life Insurance, often shortened to VUL, is a fantastic option for those who wish to grow their life insurance plan as an investment. The value of a variable universal life policy can be invested throughout a wide variety of separate accounts. This is done in a manner similar to a mutual fund. The variable portion of the name is a direct reference to this ability to invest into a variety of accounts. This also gives the opportunity to grow your investment at the most efficient rate.

The universal portion of the name is a reference to the flexibility associated with the policy. Most types of life protection involve a set premium which can be difficult to pay at times. These fixed premiums can be a burden, primarily due to the fear of losing the policy as a result of a missed payment. A variable universal life policy allows the policy owner to invest either nothing on a given month or the maximum, which will be determined by the policy.

Whole life and variable universal life policies both function as a secondary tool for estate planning by growing your premiums. The primary difference between the two is that universal life policies have no endowment age. An endowment age is where the value equals the death benefit amount. In a variable life policy, your plan will continue to grow past the death benefit amount. This is a major advantage for this type of life protection.

This policy is a fantastic option, but the question remains where does one get one? There are a number of ways to obtain free life insurance quotes. Many providers have quotes available on their website. Prudential, for example, has links to free quotes associated with each variable universal life policy they offer. This makes it easier than ever to find a provider and begin planning for your future.

There are number of resources for free life insurance quotes. This includes apps which are available free from the Android and iPhone app stores as well as from the providers themselves. This option provides you with the best opportunity to maintain flexibility in dealing with your everyday life. With the added bonus of being able to plan effectively for your future. If you have questions regarding life insurance, let Blue Sky Coverage help you find a policy that suitable for you and your family.

Call us today to get free life insurance quotes.