0
Universal life insurance is a flexible permanent life insurance policy that combines a death benefit with a cash value component. Policyholders can adjust their premiums and death benefits within certain limits, allowing for greater customization compared to whole life insurance. The cash value grows at a variable interest rate, which can be influenced by market performance, and can be accessed through loans or withdrawals. This type of insurance is ideal for those seeking both lifelong coverage and the potential for cash value accumulation.
What else can I help you with?
Is the best description of universal life insurance?
purchased for a set premium cost with the option of paying more.
Is universal life also called universal life one?
Universal Life is called only Universal Life! Universal Life 1 may just be a name given by the marketing department at an insurance company. mcdlife.com
Who was best known for his description of life in America's urban slums?
Jacob riis
Best description of variable life insurance?
Purchased for the secondary purpose of investing
What is the best definition of a universal theme?
Universal theme is best described as a theme that is repeated within a single literary work. It can be a universal truth or some aspect that is generalizing.
Who belief that there is no universal meaning to life?
Atheists think that there is no universal meaning to life.
When was Universal Life Church created?
Universal Life Church was created in 1962.
When was Universal Life - Cyprus - created?
Universal Life - Cyprus - was created in 1970.
What kind of policy allows withdrawls or partial surrenders?
Universal Life
What does universal theme?
universal theme is a story about the persons life
Do you need universal life insurance?
Universal life is a tool just like whole life and term. They all have their place, but not everyone need universal or term insurance. It depends on what your goals and fears are.
What is the primary difference between universal life and variable universal life?
The primary difference is how the cash value is invested. Variable universal life means it is invested in stocks and mutual funds and a "fixed" universal life is usually dependent on interest rates. Both carry high risk, but a fixed universal life policy gives you a guarantee that it will not go below a certain interest rate, while variable universal policies usually do not.
