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This opening chapter focuses on the fundamentals of the variable universal life product, its historical development and the key features and benefits of the product.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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variable death benefit option, separate cash value investment accounts, cash value rises, corridor ratio, cash value accounts, death benefit rises, total death benefit, higher market risk, level death benefit, death benefit options, guideline premium, death benefit guarantees, cash value accumulation, cash value increases, variable contracts, variable universal life, investor profile, mortality charge, universal life policy, premium flexibility, permanent life insurance, flexible premiums, net premiums, variable life insurance, minimum premiums
Key Phrases - Capitalized Phrases (CAPs):
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