Is Variable Universal Life Insurance A Good Investment? 
Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is variable universal life a good investment ? Well , remember before you talk about anything that 's a market driven product you always have to do a risk tolerance test . A risk tolerance test is part of a financial profile . You need to create one to find out : are you a conservative investor , are you a moderate investor , are you an aggressive investor ? You have to import in your mindset : what 's your timeline of investment ? How long are you going to hold it ? This is a long haul product , variable universal life . It has expense load that you need to be aware of . You 're paying for extra mortality costs and the actual underlying funds have charges to it . If you feel like that is a huge issue for you , especially if you 're in a high tax bracket , it could be something that you may want to look at , but remember it has market exposure and you need to do a risk tolerance test before you look at this product . Well , that 's our consumer question for today . If you have any question just submit them to www.insurancelibrary.com . 