Universal Life
A type of permanent insurance protection that has two components: Insurance, also called the insurance amount, and an investment component which provides the cash or total account value. It offers greater choice and flexibility than traditional permanent insurance in terms of paying premiums and changing the amount of the basic death benefit. However, it also requires more decision making on the part of the policyholder and there are more fluctuation in the returns on the investment component. Universal life also offers choices in type of death benefit and cost of insurance. Return to Our Services
