Beautiful Universal Life Insurance Description Images
Beautiful Universal Life Insurance Description Images. Whole life insurance, like universal, is permanent insurance and is intended to stay in force until the death of the insured. What is universal life insurance?
Universal Life Insurance Policy - Definition And How Does ... from www.truebluelifeinsurance.com With a universal life policy, the insured person is covered for the duration of their life as long as they pay premiums and fulfill any other. A universal life policy also gives you the flexibility to raise or lower premium payments within certain limits, so it can cost less than whole life coverage.1. However, this depends on the returns of those invested savings and the actual cost of your death benefits, according to your health changes over time.
For some people, flexibility is the key to financial security.
Compared to similar policies, this is riskier — but there's also the most potential to grow your money. Universal life insurance offers permanent coverage, similar to whole life insurance, but has better rates and the opportunity to not pay premiums if your cash value performs well. For buyers who need life insurance that lasts until death, builds cash value and offers flexibility in payments and benefits, universal life could be the right choice. Contact farmers today for more information.
