Are There Any Risks Involved in Purchasing VUL Insurance Products?

Written By Security Bank ()

Updated at September 9th, 2020

The policy coverage in itself does not entail any risk on the part of the purchaser of the VUL product. However, because the product has an underlying investment in investment funds, which are highly dependent on the performance of the market, the amounts invested are not guaranteed of returns and are at risk of loss. The VUL insurance products are not deposit products and are not covered by the Philippine Deposit Insurance Corporation.