Awesome 10 Interest From Universal Life Insurance Taxation
Wallpaper. The premiums are flexible, but not necessarily as low as universal life policyholders may borrow against the accumulated cash value without tax implications. Universal life insurance (often shortened to ul) is a type of cash value life insurance, sold primarily in the united states.
Not sure if your policy was designed for.
The interest rates were very high in. Benefits of universal life insurance. Some earn a set interest rate, such as lifetime ul. This means that the account can increase in value faster than if you had to pay taxes on.