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Variable Universal Insurance

Variable universal life insurance is permanent life insurance. That means it's valid for the policyholder's entire life.  It also provides a flexible premium and an adjustable benefit. In other words, the policyholder can decide how much to put in the policy above an agreed-upon minimum.  This also means the policyholder determines the face amount of the policy. Like other types of permanent life insurance, the policyholder can even borrow against the cash value of their policy.