Get Contract Interest Rate Universal Life Insurance
Images. You have the option to select flexible premiums and coverage amounts with universal life insurance. The premiums are flexible, but not necessarily as low as life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured's beneficiaries when the insured dies.
Let's say you have had a cash value universal life insurance contract for the last 30 years.
Universal life is designed to be flexible life insurance. You can also allocate part of your premiums into two fixed interest accounts with a guaranteed if your policy is a modified endowment contract, loans and surrenders may be subject to taxes and penalties. Universal life insurance (often shortened to ul) is a type of cash value life insurance, sold primarily in the united states. We compare top rated carriers and compare policies to fit your specific health and family or business needs.