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What is Variable Universal Life?

Variable Universal Life provides permanent life insurance protection and the opportunity to build cash value all in one policy. You have the convenience of flexible premium payments and the ability to invest those premiums in a variety of professionally managed investment subaccounts that offer various levels of risk and growth potential based on your financial objectives. 
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Why consider Variable Universal Life?

As a permanent life insurance policy, Variable Universal Life has the potential to build cash value, or "Accumulation Value," on an income tax-deferred basis. It is designed for individuals who want death benefit protection and the potential for growth through cash value accumulation. In short, if you need permanent life insurance protection and are comfortable with investment risk, then a Variable Universal Life policy may be right for you.

1 It is important to pay the necessary premium payments on time, since missed or late payments may cause the policy to lapse. 
2 All guarantees are subject to the financial strength and claims-paying ability of Foresters Life Insurance and Annuity Company which makes no guarantees with respect to the investment return or principal value of the underlying subaccounts. 
3 The Accumulation Value, and perhaps the death benefit of your policy, will increase or decrease based on the performance of the subaccounts in which you invest. The performance of each will vary and some may be riskier than others. You bear the investment risk and can lose the principal.
4 Any policy loans or withdrawals you decide to take will reduce the death benefit and Accumulation Value of your policy, whether or not you repay those loans. Moreover, a policy loan may increase the risk of lapse by decreasing the Accumulation Value available to pay the monthly deduction.Consider potential risks

Variable universal life policies are long-term contracts, sold by prospectus and illustration and the Accumulation Value is subject to market fluctuations. You should be able to hold the product long enough to ride the ups and downs of the market. Typically, your scheduled premiums should not exceed 10 percent of your gross income.

While you allocate premiums to professionally managed subaccounts, there are annual fees and expenses associated with this policy. If you do not need permanent life insurance, you should consider a different type of investment.

Insurance policies contain certain exclusions, limitations and other terms for keeping them in force. For complete costs and details, see your Representative. Policy guarantees apply only to certain insurance features and are subject to the claims-paying ability and financial strength of Foresters Life Insurance and Annuity Company. 

Variable universal life insurance policies are offered by prospectus only. For more information about variable universal life insurance policies from Foresters Life Insurance and Annuity Company, you may obtain a free prospectus by contacting your Representative or calling 800 832 7783. The prospectus contains information about a policy's features, risks, charges and expenses, and the investment objective and risks of the underlying investment subaccounts as well as other information about the variable universal life policy. Consider this information, and read the prospectus carefully before you purchase a policy or send money. Policy availability and features may vary by state. The purchase of a variable universal life insurance policy is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

Consider potential risks

Policy Risks. Because of the insurance costs, the Policy is not suitable for you unless you need life insurance. If you have no need for life insurance, you should consider a different type of investment.

Risk of Lapse. The Policy involves a long-term commitment on your part, and you should have the intention and financial ability to make the necessary premium payments.  In order to pay the fees and charges associated with the Policy, we deduct certain amounts from your Policy.  Although the Policy provides you with flexibility regarding the timing and amount of the premium payments you make, You may risk a Policy lapse if you forego making sufficient premium payments.

The Policy is not suitable as a short-term savings vehicle.

Investment RiskThe Policy is different from fixed-benefit life insurance because you bear the investment risks and you can lose principal. The Death Benefit and the Total Accumulation Value will increase or decrease as a result of the investment experience of the Subaccounts you select. Each Subaccount has its own investment objectives and investment strategy. The performance of each will vary, and some Subaccounts may be riskier than others. We do not guarantee the investment performance of the Subaccounts. Your allocation choices should be consistent with your personal investment objective and your risk tolerance. We bear the investment risk that the Fixed Account will produce a return equal to at least principal plus the minimum guaranteed rate of return. Because you may allocate no more than 50 per cent of your premiums to the Fixed Account, investing in the Fixed Account does not eliminate investment risks.

General Account Risk. The assets of the General Account support our insurance obligations and are subject to general liabilities from our business operations and to claims by our general creditors. Amounts allocated to the Fixed Account, and any guarantees under your Policy that exceed your Policy Value (such as those that may be associated with the Death Benefit), are paid from the General Account. Any such amounts that we are obligated to pay in excess of your Policy Value are subject to our financial strength and claims-paying ability. There is no guarantee that we will always be able to meet our claims-paying obligations.

Tax Risks. If you take a partial withdrawal from your Policy, reduce the Face Amount of the Policy, eliminate a rider, or make any other material change to the Policy after it is issued, this may convert the Policy into a modified endowment contract (“MEC”). This can have adverse tax consequences to you.

Risks of Policy Loans. If you decide to take Policy loans, they may reduce the Death Benefit and Total Accumulation Value of your Policy whether or not you repay the loans because loans may undermine the growth potential of your Policy. In addition, a Policy loan may increase the risk of lapse by decreasing amounts available to pay the Monthly Deduction. While the receipt of the principal of a Policy loan is generally not taxable, it may be taxable if the loan is outstanding when the Policy is surrendered, exchanged, lapsed or converted to continued insurance, or the Policy has been converted into a MEC.

Risks of the Life Series Funds. You bear the investment risk of the Funds underlying the Subaccounts you select. The investment objectives, principal investment strategies, and principal risks of the Funds are described in the attached Life Series Funds prospectus. There is no guarantee that any of the Funds will achieve its stated investment objective.

Neither Foresters Life Insurance and Annuity Company nor its affiliates provide legal, tax or estate planning services. Should you require such services, you should consult a legal, tax or estate planning professional.  

Variable Universal Life from Foresters Life Insurance and Annuity Company is approved in these states with the form number listed: VUL-1 (10/13) (AZ), VUL-1 (10/13) (CT), VUL-1 (10/13) (DE), VUL-1 (10/13) (DC), VUL-1 (10/13) (FL), VUL-1 (10/13) (ND)

The following states are approved as form number ICC13-VUL-1 (10/13): AL, AR, CO, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV WY

Variable Universal Life policies are issued by Foresters Life Insurance and Annuity Company, 40 Wall Street, New York, NY 10005, 800 832 7783 and distributed by Foresters Financial Services, Inc., 40 Wall Street, New York, NY, 10005, 800 423 4026.


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