What Is A VUL Life Insurance Policy? 
A Variable Universal Life Insurance Policy , is a type of permanent life insurance , as opposed to Term Life Insurance . Term has rates which escalate after a stated number of years , but universal generally does not , for as long as you live . As Variable , its amount varies based on whatever market interest you have tied it to . The purpose is to grow its value higher than a standard universal policy would do . However , you run the risk that the market may go down , decreasing the value of the policy , up to a certain point depending on the policy terms . You can borrow against but be careful never to take too much or risk the policy lapsing leaving you no coverage and protection . It is for those who want to take a gamble with your life insurance and generally for younger folks who can make up for losses later . Thank you . GARY LANE . 