Investment Choices
The number and type of choices available varies from company to company, and from policy to policy. The current generation of VUL policies have a wide variety of sub-accounts for the policy owner to allocate their cash surrender values into. These newer policies often offer 50 or more separate accounts covering the entire spectrum of asset classes and management styles.
Separate accounts are organized as trusts to be managed for the benefit of the insureds, and are so named because they are kept 'separate' from the 'general account' of the life insurance company. They are similar to mutual funds, but have different regulatory requirements.
Read more about this topic: Variable Universal Life Insurance
Famous quotes containing the words investment and/or choices:
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—For the State of Massachusetts, U.S. public relief program (1935-1943)
“... patriarchy creates megapatterns that affect us all—even as we forge different individual choices within them—just as do the megapatterns of nationalism or racism.”
—Gloria Steinem (b. 1934)