SEC Issues Investor Bulletin on Variable Life Insurance

The SEC Office of Investor Education and Advocacy ("OIEA") described the risks and benefits of variable life insurance. In a new Investor Bulletin, the OIEA also provided information on fees and expenses, insurance options and links to additional resources.

The new Investor Bulletin was issued a few days after the SEC proposed rules and form amendments to improve disclosures to investors in variable annuities and variable life insurance contracts.