Variable universal life insurance

{
  "id": "MLC-T-LAW-005141",
  "term": "Variable universal life insurance",
  "field": "Law",
  "definition": "A flexible premium, permanent life insurance policy that combines features of universal life and variable life insurance. Policyholders can adjust their premium payments and death benefits, and the cash value grows or declines based on the performance of investment sub-accounts chosen by the policyholder. This type of policy offers both investment flexibility and adjustable coverage.",
  "url": "https://mlchart.com/terminology/law/variable-universal-life-insurance/"
}