Variable universal life insurance also allows you to vary premium payments and also the benefit amount, within the confines. One will usually need to actively handle this type of policy because you’ll go for sub-accounts for your cash value investments. The person can select a collection rate of interest option for cash value.
Possessing variable universal insurance means you've a permanent return on your cash value and you've got a specific level of control over your investments. But, your cash value could also go up only on the condition that the investment options must be selected properly. Also, these policies tend to require more expensive fees than other insurance coverage.