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Universal life insurance is a relatively new insurance product intended to provide permanent insurance coverage with greater flexibility in premium payment and the potential for a higher internal rate of return. A universal life policy includes a cash account. Premiums increase the cash account. Interest is paid within the policy (credited) on the account at a rate specified by the company. This rate has a guaranteed minimum but usually is higher than that minimum. Mortality charges and administrative costs are charged against (reduce) the cash account. The surrender value of the policy is the amount remaining in the cash account less applicable surrender charges, if any. read more at <A HREF="http://www.lemonshell.com/wealth/lifeinsurance.aspx"> www.lemonshell.com/wealth/lifeinsurance </A
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What are the different kinds of life insurance available?
The main types of life insurance are term life insurance, whole life insurance, and universal life insurance. Term life insurance provides coverage for a specific period, while whole life insurance offers coverage for your entire life. Universal life insurance combines a savings component with a death benefit.
Does Manulife offer life insurance coverage to Canadians?
Manulife is a Canadian based company that offers life insurance coverage to Canadians. Manulife offers whole,term and universal life insurance to meet the needs of each individuals needs.
What was President Clinton referring to when he said that universal coverage was the nations most urgent priority?
Universal coverage usually refers to health insurance.
What is the purpose of a universal life policy?
Universal Life Insurance or UL is kind of permanent life insurance, generally implemented in the United States of America. The uses of UL include final expenses like funeral or burial, income replacement, and debt coverage.
What are the four major categories of life insurance?
The four major categories of life insurance are term life insurance, whole life insurance, universal life insurance, and variable life insurance. Term life insurance provides coverage for a specific term, whole life insurance offers coverage for the policyholder's lifetime, universal life insurance allows flexibility in premium payments and death benefits, and variable life insurance allows the policyholder to allocate premiums to investment accounts.
What are the disadvantages to having a Participating life insurance?
Participating whole life will have significantly higher premiums required than both term life insurance and universal life insurance (permanent coverage) that features a no-lapse guarantee.
Which state implemented a universal coverage program in 2007?
MASSACHUSETTS
Does Alfa insurance offer life insurance policies?
"Yes, Alfa Insurance provides a wide range of insurance coverage, including home, auto, farm, and life. Life insurance coverage at Alfa is broken down into three types: Term (which is a cheaper, short-term sort of life insurance), permanent, or universal (a more flexible type of life insurance)."
What products do AAA life insurance offer?
"AAA Life Insurance publicly advertises a number of products. They offer term life insurance, which provides coverage for a set period, whole life insurance, either with higher coverage or guaranteed approval, or universal life insurance, a flexible plan organized around custom death benefits and an accumulation of its cash value.
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
Does Primerica Life Insurance Company have no lapse Universal life insurance policies?
Primerica sells term life insurance 100% of the time. They strongly stand by their product as term insurance provides the maximum coverage for the lowest cost.
Does the US provide universal healthcare coverage for its citizens Should it?
True
