Universal Life offers you more flexible premium payment options, including additional payments to build up your cash value. This allows couples to cut back on their premium payments when they buy a home, have a child, or need income for their children’s college tuition.

Universal life insurance is basically a blend of term insurance and a side investment account. With variable universal life, you can choose to invest that side investment account in growth-oriented mutual funds. Universal life insurance policies may be purchased with one of two different death benefit options. One is a level death benefit and the second is an increasing death benefit. Shopping around for new driver car insurance or do you need to get SR22 insurance?

This entry was posted on Monday, June 2nd, 2008 at 9:06 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.