Insurance Exam Vocabulary Terms

Variable Universal Life

Combines the flexible premium features of universal life with the component of variable life in which excess credited to the cash value of the account depends on investment results of separate accounts. The policyholder selects the accounts into which the premium payments are to be made.

Other terms you may be interested in:

Insurance Tests - Pass your Insurance Exam Now!

Our Insurance Exam Prep Includes...

Hundreds of Insurance Practice Test Questions (that apply to your state)
Insurance Vocabulary Flashcards
Study-Mode & Timed-Exam Mode
2025 Updated Material
User-Friendly On All Devices
1 Week / 1 Month / 3 Month Access
Insurance Exam Tip Videos
Support From Licensed Instructor
Insurance Terms & Glossary
100% Pass Money-Back Guarantee

Or
Insurance Practice Tests - Practice on any device