Download . A Universal Life Insurance Policy Is Best Described As A/An
Wallpaper. Thinking of buying an indexed universal life policy? So the funds can grow over time.
With a universal policy, you can raise or lower the amount you pay into the policy as you see fit, within the limits of the policy. Same way an universal life policy gives you an agreed upon fixed interest rate. If an insurance company makes a statement that its policies are guaranteed by the existence of the insurance guaranty association, that would be considered.
Universal life insurance can a useful alternative to whole life or term life.
Over a time period, the insurance company looks an index from the begining of the the owner can allocate cash value amounts to either a fixed account or an equity index account. If you have a universal life policy, especially an older policy, and have yet to get hit with higher premiums. So the funds can grow over time. A life insurance policy allows your beneficiaries to cover their living expenses after your death.