Bob Ley, Vice President of Sales with AIG, discusses the difference between variable life and variable universal life insurance policies.
Host: What are Variable Life and Variable Universal Life policies?
Bob Ley: Variable Life and Variable Universal Life are permanent policies with an investment fund tied to a stock or bond or other investment, unless otherwise stated in each sub-account prospectus. Well, these sub-accounts offer the greatest potential for return, the return is not guaranteed and the principal is subject to investment risk. In other words, you could loose money.
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What are variable life and variable universal life policies?
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