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Variable universal policies are investment-friendly plans, and policyholders can borrow tax-free funds from the account. Keep in mind that there are some risks associated with this type of policy, particularly if you invest in high-risk accounts. If you have small children and are unskilled when it comes to investments, this might not be the best route.
At the end of the day, it’s your money and you get to do what you want with it. If you feel you are savvy enough to invest your own funds, this might be a great type of policy for you. If the policy is a courtesy to your loved ones and isn’t all that necessary, this type of policy might be a great way for you to develop your investment skills.
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