VUL stands for Variable Unit Linked or Variable Universal Life. It is a financial product that provides life insurance and an investment feature.
It’s Because you Survived!
Yuppies (Young Professionals) who are single, no dependents, and have good company health benefits will always say that I don’t need insurance.
Middle-aged adults and those who near retirement and has a lot of money will also say that I don’t need insurance.
But insurance, particularly Disability and Critical Illness Insurance, is there not because you die, but because you SURVIVED!