What Is Group Variable Universal Life Insurance? 
That is an excellent question ! I 'm assuming that you are seeing this in a benefits package , in some form of retirement plan ? A variable UL policy is a securities regulated product , that grows -LRB- or loses -RRB- cash value based upon the investments made within the policy . You are offered a selection of investments , -LRB- or your company chooses them for you , and you choose whether to participate or not -RRB- and your policy prospers , or suffers according to the performance of those investments . The `` group '' means that many people are participating in the plan , not just yourself . -LRB- Your health insurance offered through work , and your life insurance are group plans also . -RRB- Many companies use this type of policy to try and build large amounts of cash value , which they then take out in the form of loans to pay the benefits promised to the plan participants . I hope that helps , thank you for asking ! 