Cool What Is Variable Life Insurance 2023. It gets its name from the way the cash portion of the policy is invested—you get to pick from a variety of investment options and the value of those options can vary (go up and down) over time. Variable universal life insurance, often called vul, has a.

Web variable life insurance is a contract between you and your insurance company. It gets its name from the way the cash portion of the policy is invested—you get to pick from a variety of investment options and the value of those options can vary (go up and down) over time. That means it’s part life insurance, part savings and investment.





