What is a key feature of Variable Universal Life Insurance?

A key feature of Variable Universal Life Insurance is that it combines a flexible premium payment structure with an investment component. This means that policyholders can adjust their premium payments within certain limits and also allocate a portion of their premiums into various investment options, such as stocks and bonds. These investments can grow over time based on market performance, allowing the policy to potentially accumulate cash value that can be accessed during the insured's lifetime.

This flexibility attracts individuals who want a life insurance policy that adapts to their financial needs and investment goals over time. The adjustable nature of both premium payments and the investment choices is a significant reason why people are drawn to Variable Universal Life Insurance compared to more traditional life insurance products.