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Insurance & Risk Management
10. Chapter 11: Life Insurance/Variations of whole life insurance
10. Chapter 11: Life Insurance Illustration
Syllabus Slides

Variations of whole life insurance

01.Core Concepts

Variable universal life insurance is an important variation of whole life insurance Most are sold as investments or tax shelters The policyholder decides how the premiums are invested The policy does not guarantee a minimum interest rate or minimum cash value These policies have relatively high expense charges, including front-end loads for sales commissions, back-end surrender charges, and investment management fees The policyholder bears substantial investment risk ‹#›