View Full Version : What is this product?

09-20-2012, 12:38 PM
I'm having understanding what kind of product this is in order to identify what restrictions would apply to it (nonforfeiture, licensing, etc). It has renewable term coverage, but as far as I know, term insurance doesn't have cash value accumulation while this product does. Apart from the the mention of annually renewable term coverage, it sounds like a VUL product, so how does the term part work? Is it just an awkward way of saying that it's a VUL policy with a maturity age of min(85,(issue age + 20))? Help!