Variable universal life insurance is a tool, and whether it’s a good or poor fit depends on how it intersects with your unique circumstances. Some questions to ask:

• How stable is my income? Will I be able to keep up with premiums or overfund the policy if I want to achieve significant cash growth?
• What is my investment horizon? Am I willing to stay invested for 10, 20, or even 30 years or more to potentially reap the benefits of market growth?
• Do I have the time, knowledge, or inclination to monitor and manage subaccounts effectively, or will I pay for professional management?
• How important is permanent coverage to my estate or financial plan? Could term insurance plus separate investments suffice instead?
• Am I comfortable paying higher fees if I see a potential for better returns compared to simpler products?

Answering these questions can illuminate whether variable universal life insurance complements your overall strategy or if another type of policy or investment approach might serve you better.