This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam.

In this episode you will learn:

• How Variable Universal Life (VUL) combines premium flexibility with investment-linked cash value growth.

• Why the policyowner assumes all investment risk and the implications of having no guaranteed minimum cash value.

• The dual licensing requirements involving both state insurance departments and federal securities regulators like FINRA.

• The distinction between Death Benefit Option A and Option B within a flexible variable structure.

• The critical requirement for prospectus delivery at the point of solicitation for all variable insurance products.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep