Get more flexibility and control with VUL.
Variable Universal Life (VUL) lets you protect the people you love with customized coverage and gives you control over how your cash value is invested.
What is variable universal life insurance (VUL)?
Variable Universal Life protects your loved ones with a death benefit that's usually tax-free. It also gives you the flexibility to customize your policy as your life and needs change. If you're interested in growing your wealth, VUL might be a smart choice. That's because it gives you the potential to build even more cash value than you could with other types of permanent life insurance, which could also lead to a higher death benefit. However, it's important to know that since your policy's cash value is invested in the market, it can go up or down in value based on market volatility which could lead to a lower death benefit in down markets.
Cash value
VUL builds cash value over time that grows, tax-deferred, that you can use for anything, anytime.1 Your policy also has the potential to build more cash value than you could with traditional permanent life insurance.
Flexible premiums & death benefit
With VUL, you'll have the flexibility to choose the amount of your death benefit, how much you pay in premiums, and when you pay them. As long as there's enough cash value to pay your policy's monthly fees and expenses, your coverage will generally continue.
Flexible investments
VUL also lets you decide how your cash value is invested. You can choose from multiple policy investment options, many of which are managed by leading investment firms.
Option to de-risk over time
With a Northwestern Whole Life Strength and Stability account (SAS), you can move money out of the investment options permanently if you want to take on less risk over time.2 Plus, you'll get a crediting rate that's backed by the Northwestern Whole Life general account.
Automatic rebalancing
VUL also comes with the option to use automatic rebalancing. This lets you make regular, automatic adjustments that can help keep your diversified investment strategy on track.
Dollar cost averaging
With this feature, money is moved from a money market account to your investment options at regular intervals. That way, you generally purchase more investments when the market is down and fewer when it's up.
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