( Insurance : Life insurance )
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A variable universal life insurance policy provides for life insurance, the amount or duration of which varies according
to the investment experience of any separate account or accounts.
When you buy a variable universal life insurance policy, you allocate your premium payments to a separate account, which is made up
of variable sub-accounts.
Variable universal life insurance is a type of life insurance that allows you to invest the cash value in a wide variety
of separate accounts.
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