Which component is not typically associated with VUL policies?

Variable Universal Life (VUL) policies are designed to provide both a death benefit and an investment component that allows policyholders to allocate a portion of their premiums to various investment options. The primary investment choices within VUL policies typically include variable accounts that can be invested in equities, bonds, and specialized investment portfolios, which offer a range of risk and return potential.

Fixed interest accounts, on the other hand, are more characteristic of Universal Life Insurance products rather than Variable Universal Life. VUL policies focus on variable investments where the cash value can fluctuate based on market performance. This differentiation highlights that VUL policies aim to provide policyholders with growth potential linked directly to market performance, rather than the guaranteed returns typically associated with fixed interest accounts.

Hence, the selection of fixed interest accounts as an option that is not typically associated with VUL policies is accurate because it contrasts with the underlying principle of allowing policyholders to engage directly with variable investment choices.