Investment Choices
The number and type of choices available varies from company to company, and from policy to policy. The current generation of VUL policies have a wide variety of sub-accounts for the policy owner to allocate their cash surrender values into. These newer policies often offer 50 or more separate accounts covering the entire spectrum of asset classes and management styles.
Separate accounts are organized as trusts to be managed for the benefit of the insureds, and are so named because they are kept 'separate' from the 'general account' of the life insurance company. They are similar to mutual funds, but have different regulatory requirements.
Read more about this topic: Variable Universal Life Insurance
Famous quotes containing the words investment and/or choices:
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
“Our [adult] children have an adult’s right to make their own choices and have the responsibility of living with the consequences. If we make their problems ours, they avoid that responsibility, and we are faced with problems we can’t and shouldn’t solve.”
—Jane Adams (20th century)