What is a Variable Universal Life Policy?

hello I'm attorney David Meyer with the

law firm Meyer Wilson for over 30 years

insurance companies have been selling

variable universal life or vul policies

to their customers our law firm has

handled many cases involving these

products over the years in my opinion vu

ELLs are rarely if ever an appropriate

investment choice in fact vu ELLs are

typically very expensive author poor

investment choices and do not work as

promised like traditional life insurance

vol s provide a death benefit to

beneficiaries in exchange for premium

payments that are made on behalf of an

insured person unlike traditional life

insurance and a vul the cash value is

invested in what are essentially mutual

funds and the cash value and death

benefits of a vul rise and fall with the

market now in theory the long term

result is supposed to be a higher death

benefit for the beneficiary as a result

of investment performance in most cases

however because vu ELLs are loaded up

with so many fees it's very difficult

for these products to achieve a positive

return in many cases that our law firm

has seen investors are asked to pay

significant premiums upfront or over a

course of several years

they are also assured that the vul will

ultimately pay for itself

once the cash value grows to a certain

value this almost never works out as

promised in our experience instead after

having dumped considerable amounts of

money in the vol most investors find the

cash value does not achieve sufficient

returns to pay the premiums the

investors must then either deposit even

more money into the policy above and

beyond the stated premiums just to keep

the policy afloat over time more often

than not the investor finds that the vul

is simply unsustainable and they often

have no other choice but to surrender

the policy at a loss regulators have

repeatedly warned brokerage firms and

consumers about the many pitfalls of vol

x' and have disciplined brokerage firms

and their salespeople for

misrepresentations and unsuitable sales


else to their customers unfortunately

though these problems still persist if

someone is trying to sell you a variable

universal life insurance policy I

strongly encourage you to exercise

extreme caution before putting any money

into such a product I personally would

never buy one of these policies and if

you've been sold at vul and have

questions or concerns about your

investment please give us a call today

for a no cost evaluation by one of our

experienced investment fraud attorneys

thank you