Variable Universal Life Policies

Investor Claims Is What We Do - All Day, Every Day

Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million

What is a Variable Universal Life Policy?

For over 30 years, insurance companies have been selling “variable universal life,” or VUL policies to their customers. Our law firm has handled many cases involving these products over years. In our opinion, VULs are rarely, if ever, an appropriate investment choice. In fact, VULs are typically very expensive, offer poor investment choices, and do not work as promised.

Like traditional life insurance, VULs provide a death benefit to beneficiaries in exchange for premium payments that are made on behalf of an insured person. Unlike traditional life insurance, in a VUL the cash value is invested in what are essentially mutual funds, and the cash value and death benefit of a VUL rises and falls with the market.

In theory, the long-term result is supposed be a higher death benefit for your beneficiaries as a result of investment performance. In most cases, however, because VULs are loaded up with so many fees, it’s very difficult for these products to achieve a positive return.

In many cases that our law firm has seen, investors are asked to pay significant premiums up front or over a course of several years. They are also assured that the VUL will ultimately pay for itself once the cash value grows to a certain value. This almost never works out as promised. Instead, after having dumped considerable amounts of money in the VUL, most investors find that cash value does not achieve sufficient returns to pay the premium. The investors must then either deposit even more money into the policy, above and beyond the stated premiums, just to keep the policy afloat. Over time, more often than not, the investor finds that the VUL is simply unsustainable, and they often have no other choice but to surrender the policy at a loss.

Regulators have repeatedly warned brokerage firms and consumers about the many pitfalls of VULs, and have disciplined brokerage firms and their salespeople for misrepresentations and unsuitable sales of VULs to their customers. Unfortunately, these problems still persist.

If someone is trying to sell you a variable universal life insurance policy, we strongly encourage you to exercise extreme caution before putting any money into such a product. If you’ve been sold a VUL and have questions or concerns about your investment, please give us a call today for a no-cost evaluation by one of our experienced investment fraud attorneys.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America® for over Ten Years Running
  • David Meyer is the Immediate Past-President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members


Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.

  • “I primarily worked with Courtney Werning throughout the process and she was informative and knowledgeable. I trusted and fully recommend Courtney and her team.”

    - S.R.
  • “The communication throughout the process was on par - and they took the time to indulge me with the various questions and opinions.”

    - R.G.
  • “What I truly appreciated was getting a great result for my Mom with limited involvement/stress on her.”

    - S.W.
  • “We went to arbitration with the other respondent and I got to see firsthand the level of professionalism and expertise the Meyer Wilson firm can deliver.”

    - D.V.
  • “Chad would take the time to call and talk with me. His explanations were always clear and concise. I also appreciate all the effort put into the details and statistics required to argue this case.”

    - P.N.
  • “Meyer Wilson was able to produce the results that we felt were obvious and warranted while several other firms and even state offices simply had trouble understanding let alone moving the case forward.”

    - B.K.
  • “My overall experience was positive and I would encourage anyone who even thinks they have been a victim of stockbroker misconduct to call David.”

    - S.T.
  • “Meyer Wilson represented me in a suit brought last year against my brokerage firm, securing a very fair and equitable settlement for me.”

    - R.G., M.D.
  • “Right from the start, you had the passion and desire to win this case for us. I have never worked with an attorney or firm as compassionate as yours. I would highly recommend your firm to anyone.”

    - G.A.

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