How to Buy Variable Universal Life Insurance

Video Transcript

"Hello, my name is Vic Schumacher. The company is HPE Financial Services. The question I understand that you are asking today, is how do you buy a variable universal life policy? I could just as easily come back and say, Why do you want one? A variable universal life policy, has a very low minimum death benefit. It is guaranteed, but it is a very low benefit. It is variable, because the premiums that you pay into the insurance company, are invested in stocks and bonds, and mutual funds. As the markets rise, the death benefit will also rise, based upon those investments, that that insurance company has made. If you really want a variable policy, I suggest you talk to a financial adviser, or an insurance agent, who represents a variety of companies, not just one, and then find out, where this insurance company, has placed it's policies in the past. Where have these investments gone? Do some research as to how those investments have turned out, for this particular insurance company. It's a very risky type of program. It does have a death benefit, but it is probably not the type of plan, that you want. If you're looking for investments, that might be an entirely different story. My name is Vic Schumacher. The company is HPE Financial Services, helping people everyday."