Beautiful Universal Life Insurance B Pictures. Universal life insurance is a type of permanent life insurance. Universal life insurance is the most flexible form of permanent life insurance in canada today.
Universal Life Insurance | Ultimate Guide to Benefits ... from www.lifeinsuranceblog.net The interest options you choose become accounts under your policy to which you allocate all or a portion of your premiums for the purpose of earning interest. Whole life insurance, like universal, is permanent insurance and is intended to stay in force until the death of the insured. Universal life (ul) insurance is permanent life insurance with an investment savings component.
That means when a premium is paid, a portion of the premium pays.
Universal life can be used for financial emergencies, long term. Universal life insurance can a useful alternative to whole life or term life. The current stock market melt down is a great example of why indexed universal life insurance is such a fantastic tool for building and maintaining wealth, all wrapped up in a tax favored vehicle. Universal life insurance can provide lifetime coverage in the form of a death benefit to protect your family or business from financial loss if something were to happen to you, or you and your spouse.
