With variable universal life policies, you choose the investments and may not get a guarantee. (kiplinger.com)
The cash value accumulation in variable universal life policies is tied to the performance of a variety of separate market based accounts similar to mutual funds. (insuranceandestates.com)
Fees for variable universal life policies can be high, with some companies charging as much as 4 percent or more upfront for premiums paid. (truebluelifeinsurance.com)