Is Variable Life Insurance A Good Idea? 
Variable universal life insurance -LRB- VUL -RRB- is a unique security product that should be considered for a long term investor with a high tax bracket and an established risk tolerance for marketing investing . It has a guaranteed interest account as well as separate subaccounts using equity and bond investments . VUL designed for income can accumulate tax deferred and may be able to generate tax free income as long as the contract is kept in force for the life of the policy insured . 