This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- The fundamental difference between variable life and variable universal life insurance.

- Why the policyowner, not the insurer, assumes all investment risk.

- How cash value accumulates and can be accessed through loans or withdrawals.

- The distinction between the guaranteed minimum death benefit in VL and the flexible options in VUL.

- Key regulatory requirements, including the delivery of a prospectus before sale.

For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818