Variable universal life insurance is the perfect insurance plan for you if you want a permanent life insurance plan but can make do with the associated investment risk. It is the right plan for you if you want to have the ability to build cash value and also access benefits such as death benefits. The premium payments for this plan are flexible and you can invest the premiums in several professionally managed investment subaccounts.
Foresters Financial’s variable life insurance plan offers a lot of benefits and features. The insured can decide the timing and the amount of premium he would pay. In addition, you have control over your policy and it offers a 10-year no-lapse guarantee and gives you the ability to accumulate a lot of cash values by choosing several investment subaccounts having bonds and stocks portfolio.
Features and Overview of Foresters Universal Life Insurance with Investment Option Product
Variable life insurance offers two death benefit options namely, option A and option B. The death benefit for option A is equal to the policy’s “face amount” and for option B, the death benefit is equal to the sum of the policy’s face amount plus the total Accumulation Value. It offers important tax advantages such as income tax-free death benefits, tax-deferred cash value growth, and tax-free exchange between subaccounts.