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A universal annuity life is a type of insurance product that combines features of life insurance with investment components, offering both death benefits and cash value accumulation. This flexible financial instrument allows policyholders to adjust their premium payments and death benefit amounts over time. The cash value grows based on a credited interest rate or investment performance, providing potential for growth while ensuring a death benefit for beneficiaries. It's designed for individuals seeking both protection and investment opportunities within a single policy.
What else can I help you with?
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
What is variable annuity life?
Annuity Life is a contract of insurance between you the buyer and the seller. Variable Annuity Life is a company that covers retirement groups for schools, colleges and Health care.
Is an annuity a type of life insurance?
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
Where can one get life time annuity rates?
One can get life time annuity rates from his bank. They must simply speak to their financial adviser who will assist them with getting life time annuity rates.
Where can I find information on a single life annuity?
If you are living alone, a single life annuity would be the best. However, if you have a family or a wife/husband, you may want to consider multiple life annuity.
What happened to Travelers Life and Annuity?
Travelers Life and Annuity was a subsidiary of The Travelers Companies, Inc. that focused on life insurance and annuity products. In 2004, Travelers Life and Annuity was sold to MetLife, Inc. as part of a strategic decision to divest non-core operations. Following the acquisition, the brand was integrated into MetLife's offerings, and its operations were absorbed into MetLife's life insurance and annuity business.
What is more expensive joint life annuity or joint life survivor annuity?
What is the joint and survivor settlemet option
What Annuity plan pays equal amount until death?
It is called a life annuity.
Does Life with Certain Annuity expire?
Life with a certain annuity typically does not expire for the duration specified in the contract, which could be for a set number of years or for the life of the annuitant. Once the specified period ends, the annuity payments cease.
What is the meaning of annuity guaranteed for 5 years and for life thereafter?
Currently the following options are available under LIC's immediate annuities:1. Annuity for life: The annuity is paid to the life assured as long as he/she is alive.2. Annuity Guaranteed for certain periods: The annuity is paid to the life assured for periods of 5 or 10 or 15 or 20 years as chosen by him/her, whether or not he/she survivesthat period. After the chosen period, the annuity is paid to the life assured as long as he/she is alive.3. Annuity with return of purchase price on death: The annuity is paid to the life assured as long as he/she is alive. On the death of the life assured, the purchase price of the annuity is paid as death benefit. The purchase price includes the Sum Assured under the Basic Plan, the accrued Guaranteed Additions and any accrued bonuses, excluding the commuted value, if any.
