Variable Universal Life Insurance

Variable Universal Life Insurance combines the flexibility of universal life insurance with the investment account features of variable life insurance. This type of insurance has many benefits including:

• Flexible premiums
• You can have a level or variable death benefit
• You can choose the investments from a menu of options for the cash value portion of the policy
• You can borrow funds by taking a policy loan if the need arises

When is Variable Universal Life the right choice?

• You have maxed out on all you tax shelter options - such as 401(k)s or IRAs. You are looking for a vehicle to grow your money tax-free/deferred.
• This option may make very good sense for the purposes of estate planning, but you should make this determination while working with a good financial planner who is looking at your entire financial picture.
• You can access the cash value portion of the policy with no 10-percent IRS penalty prior to age 59 1/2 for college expenses, a second home, travel or other financial needs. You can withdraw these funds tax-free up to the cost basis as long as the policy is in force. Withdrawals will reduce the cash value and death benefit proceeds.

For help in deciding what type of insurance is best for you please call us at 1-800-392-3009 to schedule an appointment with a Financial Advisor today. Or visit us at any of our branches.

People's Financial Advisors is a division of People's Securities, Inc. Investments & Insurance are available through People's Securities, Inc. (member FINRA and SIPC), a subsidiary of People's United Bank.