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Universal life insurance is a type of permanent life insurance that offers flexible premiums and death benefit options. Universal life insurance gives policyholders the ability to customize their coverage to fit their individual needs and budget.
Universal life insurance is a type of permanent life insurance that offers flexible premiums and death benefit options. Universal life insurance gives policyholders the ability to customize their coverage to fit their individual needs and budget.
Some of the key features of universal life insurance include:
-Flexible premiums: You can choose to pay more or less than the set premium, as long as you pay at least the minimum required amount.
-Adjustable death benefit: You can increase or decrease your death benefit, as long as it does not fall below the minimum required amount.
-Cash value accumulation: A portion of your premium is set aside in a cash value account, which grows tax-deferred. You can access the cash value through loans or withdrawals, but doing so will reduce the death benefit.
Universal life insurance can be a great way to create a lasting financial legacy for your loved ones. It can also be used as a tool to help you meet your long-term financial goals, such as funding a child’s education or retirement.
Universal life insurance is a type of permanent life insurance that offers flexible premiums and death benefit options. Universal life insurance gives policyholders the ability to customize their coverage to fit their individual needs and budget.
Some of the key features of universal life insurance include:
-Flexible premiums: You can choose to pay more or less than the set premium, as long as you pay at least the minimum required amount.
-Adjustable death benefit: You can increase or decrease your death benefit, as long as it does not fall below the minimum required amount.
-Cash value accumulation: A portion of your premium is set aside in a cash value account, which grows tax-deferred. You can access the cash value through loans or withdrawals, but doing so will reduce the death benefit.
Universal life insurance can be a great way to create a lasting financial legacy for your loved ones. It can also be used as a tool to help you meet your long-term financial goals, such as funding a child’s education or retirement.
