1. 13 Reasons Why VUL is Not Right for You. 1 Mortality and Expense Risk Charge -.00002455 2 Collection Fee - $3.00 3 Monthly Policy Charge - $7.50 4 Surrender Charge - $17.64 per $1,000 or Specified Amount. 17.64 x 250K policy = $4,410 5 Loan Interest Rate - 5.2% 6 Loss of Savings if you die. 7 Reduction of Death Benefit if there is any outstanding loans. 8 Assets of Sub-account is the property of the company. 9 They can defer payment of a loan to you for up to 6 months. 10 One withdrawal per year. 11 Surrender charge for 15 years. 12 Pro rata decrease charge for 15 years. 13 Processing fee of 2% to withdraw money.