Is Universal Life Insurance Fixed Or Variable? 
Universal Life Insurance , or UL , as it is written , is fixed . If you buy a Variable Universal Life policy , it will be labeled as such -LRB- or shortened to VUL -RRB- . You can not buy a Variable Universal Life insurance policy from an agent who is not registered with FINRA and licensed to sell securities . You can buy a UL from any agent licensed to sell life insurance . 