Tagged: Universal

What’s The Lowdown On Variable Universal Life Insurance?

What’s The Lowdown On Variable Universal Life Insurance?

What’s The Lowdown On Variable Universal Life Insurance? If permanent insurance with flexible premiums and options is important to you, you’ll want to choose a variable universal life insurance policy. This type of policy combines features of universal life insurance with investment options, so you have the potential for a larger death settlement than you would have with an ordinary policy. It is called a variable universal life insurance, because your investments and premiums are not fixed. They are variable because they depend on the current market conditions. Variable universal life insurance has advantages over other life insurance policies, such...

What’s Universal Life Insurance?

What’s Universal Life Insurance?

What’s Universal Life Insurance? Universal life insurance is a form of whole life insurance, but the premiums are more flexible and the benefits are more adjustable. Some insurance experts suggest that only those individuals seeking life insurance coverage into their 70s or beyond should purchase universal life insurance. Before you decide whether or not a universal life insurance policy is right for you, consider the following information. Flexibility. Universal life insurance is more flexible than whole life insurance. You can choose the amount of coverage you need, as well as adjust your coverage based on your changing insurance needs. Savings....