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Variable universal life insurance
Variable universal life insurance combines the flexibility of a universal policy with the investment account features of a variable policy.
Like variable, this product is considered a security. It can only be sold by agents who have passed the National Association of Securities Dealers (NASD) exam.
InsureMe recommends that variable and variable-universal life insurance policies are most suitable suitable for long term obligations and those who are more active investors and for estate growth and death tax liquidity.
The answer on this page was edited based on source material from the Ohio Dept. of Ins. and InsureMe. These pages are no longer being updated. --Webmaster
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