what can vul policies invest in 
the exact investment options will vary among insurance companies but almost all vul policies allow investments in stocks bonds money market securities etfs and mutual funds as well as a guaranteed fixed interest option bottom linevariable universal life insurance combines permanent insurance protection with an investment account these policies could make sense for those comfortable taking on more risk for the chance to earn higher cash value growth vuls can have high fees and are more complicated to manage so they are not appropriate for everyone before signing up be sure to compare against your other life insurance and investment options 