If you’re considering a variable universal life policy, engaging in a conversation with a knowledgeable insurance agent or financial advisor can be illuminating. Some questions you might pose:

• What are the total fees? Ask for a complete breakdown, including COI, administrative fees, and subaccount charges.
• What subaccounts are available? Understand the range of investment choices and their historical performance, though past results do not guarantee future outcomes.
• Is there a surrender charge period? Determine how long it lasts and what costs you face if you exit the policy early.
• How often can I reallocate subaccounts? Some policies limit frequent subaccount switching, or they might impose fees for changes.
• What’s the minimum premium to keep the policy in force? And how does this compare with the “target premium” or recommended premium for healthy cash value growth?
• Do you have policy illustrations under varying return assumptions? Reviewing multiple scenarios can help you gauge the policy’s sensitivity to different market conditions.