VUL is one of the best-selling types of life insurance plans in the Philippines. It’s a combination of life insurance protection coupled with investment similar to a mutual fund. It’s a very popular plan for millennials as it can help jumpstart their journey toward financial freedom.
On the flip side, it’s the most bashed life insurance plan by financial experts. But here are the truths about this.
I collected the common questions I got throughout the years of working as a financial advisor. So here are the 7 FAQs about VUL plans.
Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom.