Portugal D7 Passive Income Requirement - Variable Life Insurace (VUL) Policy

Hi everyone!

I’ve been looking into the requirements of a D7 Visa. I’ve looked at the ways that tax would be applied to income as an NHR, which (now) states 10% during the first 10 years for pensions. Does anyone know if a Variable Life Insurance policy (VUL) monthly distribution would be inclusive under the NHR as well? Or would it have taxes applied under a different mechanism?

Thanks, everyone, for your wisdom.

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