Which feature allows policyholders to customize their VUL policy?

The ability to select different investment sub-accounts is a distinctive feature of Variable Universal Life (VUL) policies that empowers policyholders to customize their coverage and reflect their investment preferences and risk tolerance. In a VUL policy, the cash value can be allocated among a variety of investment options, such as stock or bond funds, and other asset classes, which allows policyholders to take an active role in managing their investment growth potential based on their financial goals.

This customization enhances the policyholder's control over their future cash value accumulation and potential death benefit, as they can choose investments that align with changing market conditions and personal investment strategies. The flexibility in choosing sub-accounts is a key characteristic that differentiates VUL from other life insurance products, which may have less latitude in managing the growth of cash value or investment options. This enables adaptability and personal investment growth dynamics as financial needs evolve over time.