Understanding Survivorship Variable Universal Life insurance : LifeInsurance


I was recently made aware of and partially responsible for a very mismanaged variable universal life insurance policy. The insured are in their early to mid 70s (2 people on 1 plan) and likely uninsurable through other means so I’m trying to figure out how to keep this going or if it is worth it.

Is there a spreadsheet or something out there that helps you evaluate different scenarios? I’ve received the table of guaranteed maximum cost of insurance along with illustrations that evaluate a few different scenarios. However, I can’t figure out how the anticipated premiums in the scenarios were obtained. I’m great with excel and numbers but don’t understand life insurance…

I’d really appreciate any help anyone can provide!



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