Why is it important to periodically review a VUL policy?

Periodically reviewing a Variable Universal Life (VUL) policy is essential to ensure that it continues to align with the policyholder's evolving financial needs and investment performance. Over time, a person's financial goals, income level, and family circumstances may change. Regular reviews allow policyholders to assess whether their current coverage adequately meets their needs, whether it provides sufficient death benefits, and if there are any gaps in their overall financial strategy.

Additionally, investment performance within a VUL policy can fluctuate due to market conditions. A review enables the policyholder to evaluate the performance of the underlying investment options, making necessary adjustments to optimize returns and minimize risks based on their risk tolerance and long-term objectives. This proactive approach is crucial for maintaining the policy's value and ensuring it serves as an effective component of the policyholder's overall financial plan.