[Variable Universal Life Insurance Explained] VUL SIMPLY EXPLAINED!

[Variable Universal Life Insurance Explained] VUL SIMPLY EXPLAINED!
Let’s recap on what we learned because we need it. You learned about term insurance and whole life insurance (a form of permanent life insurance) in the previous videos.
We talked about cash value accounts and how they can be used to avoid taxes.
We’ll do a recap in today’s video as well as a refresher and then we’ll talk about adjustable life and universal life. We’ll also talk about Option A and Option B, which is frankly, quite important to know about if you want to know what you’re paying for.
And lastly, we’ll talk about Variable life and Variable universal life and what’s that all about.
Timestamps:
Permanent Life Insurance, Whole Life Insurance Recap [2:34]
Cash Value Account Recap [3:44]
Adjustable Life [5:13]
Universal Life [5:50]
Options A + B [7:10]
Variable Life and Variable Universal Life [8:41]
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[@DonaldKLee]

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[@TRAPxMANGA]

Ty and 8:46 for people looking for the answers

[@DonaldKLee]

😂😂🚀🚀

[@NS-es3jz]

How does the adjustable life policy work?

[@DonaldKLee]

Yeah, so your insurance policy can be a term or permanent and if your income is unstable like your a season worker or something you can adjust the premiums, etc. To keep your policy active.

[@TomK-nl3ih]

A-little misleading with the tax issue… loans against your CV are in fact tax free but they are a Loan, must be paid back. Withdrawals beyond your basis will be taxed. When you pay back your loans guess what… it’s going to be with taxes money. Either way taxes will be paid.
Capital gain implies that you cashed out a portion or gains and that money is yours, in your pocket. Dont have to pay it back.