Group Variable Life Insurance: What You Need To Know

Group Variable Universal Life Insurance (GVUL) is a type of permanent life insurance policy that combines a death benefit with a savings component, called cash value. This coverage can last your entire life so long as you continue paying for the insurance costs. GVUL allows you to invest the cash value in the market via subaccounts, which can produce greater returns. However, there is no guarantee that any of the variable options in this product will meet its stated goals or objectives.

Group Variable Universal Life Insurance (GVUL) is issued by Metropolitan Life Insurance Company (MLIC)

GVUL offers the flexibility to pay additional premiums above the cost of insurance into a variety of investment options. It also provides an interest-bearing fixed account with a guaranteed minimum interest rate. You can access the cash value through loans and withdrawals, with no early withdrawal penalties or surrender charges. You can start or stop your additional premium payments at your convenience or make a lump sum payment at any time during the year.

GVUL also offers life insurance protection for future financial security through a policy that you can take with you if you retire or change jobs. This coverage can last your entire life as long as you continue paying for the insurance costs. You must pay enough each year to cover the ongoing insurance costs of your policy. The insurer will deduct this amount from your premiums, and the remainder of your premiums will go towards your policy's cash value.

The cash value of VUL is subject to market fluctuations

Variable Universal Life (VUL) Insurance is a type of permanent life insurance policy that combines a death benefit with a savings component, called the cash value. This coverage can last your entire life so long as you continue paying for the insurance costs. The cash value of VUL is subject to market fluctuations. This means that the cash value allocated to the variable investment options may be worth more or less than the amount of premiums paid when withdrawn or surrendered.

VUL insurance policies are built like traditional universal life insurance policies but let you invest the cash value in the market via subaccounts. You can pick how to invest your cash value between a variety of subaccounts. This allows for the cash component to be invested to produce greater returns.

VUL insurance offers the flexibility to pay additional premiums above the cost of insurance into a variety of investment options. It also provides access to cash value through loans and withdrawals, with no early withdrawal penalties or surrender charges. You can start or stop your additional premium payments at your convenience or make a lump sum payment at any time during the year.

VUL combines a death benefit with a savings component

Variable Universal Life (VUL) insurance is a type of permanent life insurance policy that combines a death benefit with a savings component, called cash value. This coverage can last your entire life so long as you continue paying for the insurance costs.

VUL insurance policies are built like traditional universal life insurance policies but let you invest the cash value in the market via subaccounts. This means that you can choose how to invest your cash value between a variety of subaccounts. The cash value allocated to the variable investment options is subject to market fluctuations, so when withdrawn or surrendered, it may be worth more or less than the amount of premiums paid.

VUL insurance offers the flexibility to pay additional premiums above the cost of insurance into a variety of investment options. It also provides access to cash value through loans and withdrawals, with no early withdrawal penalties or surrender charges. You can start or stop your additional premium payments at your convenience or make a lump sum payment at any time during the year.

Like other types of permanent life insurance, VUL insurance allows you to adjust how much you pay into the policy each year. However, you must pay enough each year to cover the ongoing insurance costs of your policy. The insurer will deduct this amount from your premiums, and the remainder of your premiums will go towards your policy's cash value.

VUL lets you adjust how much you pay into the policy each year

Variable Universal Life (VUL) insurance is a type of permanent life insurance policy that combines a death benefit with a savings component, called cash value. This coverage can last your entire life so long as you continue paying for the insurance costs.

VUL insurance policies are built like traditional universal life insurance policies but let you invest the cash value in the market via subaccounts. This means that you can adjust how much you pay into the policy each year. You must pay enough each year to cover the ongoing insurance costs of your policy. The insurer will deduct this amount from your premiums. The remainder of your premiums will go toward your policy's cash value.

VUL insurance offers the flexibility to pay additional premiums above the cost of insurance into a variety of investment options. It provides access to cash value when you need it through loans and withdrawals, with no early withdrawal penalties or surrender charges. You can start or stop your additional premium payments at your convenience or make a lump sum payment at any time during the year.

However, there is no guarantee that any of the variable options in this product will meet its stated goals or objectives. Cash value allocated to the variable investment options is subject to market fluctuations so that, when withdrawn or surrendered, it may be worth more or less than the amount of premiums paid.

VUL lets you invest the cash value in the market via subaccounts

Group Variable Universal Life insurance (GVUL) is a type of permanent life insurance policy that allows for the cash component to be invested to produce greater returns. GVUL policies are built like traditional universal life insurance policies but let you invest the cash value in the market via subaccounts. This means that you can choose how to invest your cash value between a variety of subaccounts.

VUL insurance lets you invest the cash value in the market via subaccounts. This means that you can choose how to invest your cash value in a variety of different investment options. The cash value of a VUL policy is subject to market fluctuations, so when it is withdrawn or surrendered, it may be worth more or less than the amount of premiums paid. VUL insurance policies offer the flexibility to pay additional premiums above the cost of insurance into a variety of investment options. You can also access the cash value of your policy through loans and withdrawals, with no early withdrawal penalties or surrender charges. Additionally, you can start or stop your additional premium payments at your convenience or make a lump sum payment at any time during the year.

Frequently asked questions