what is variable universal life vul insurance 
variable universal life vul combines lifelong insurance protection with flexible premiums and cash value you can access while alive vul insurance lets you invest and grow the cash value through subaccounts that operate like mutual funds exposure to market fluctuations can generate high returns but may also result in substantial losses vul is similar to variable life insurance but unlike variable life it allows you to change your premium payment amount while vul insurance offers increased flexibility and growth potential over other life insurance options you should carefully assess the risks before purchasing it 