Managing Your Lifestyle The slideshow presentation that you would like to view is too large for your current screen resolution. Click here to view to view the slideshow at full resolution. Launch Presentation » Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Variable Universal Life Insurance Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested. Universal Life Insurance Universal life insurance is permanent insurance with a flexible premium. Here's how it works. Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk.