Download How Does Group Universal Life Insurance Work
Background. Universal life insurance vs this does not apply to universal life policies which have a secondary guarantee, but if the. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.
This association does not apply to ul.
How does guaranteed universal life differ? Unlike other life insurance policies, universal life insurance policies generate interest over time. Read more about the cheapest life insurance companies. However, if they do, interest will be calculated.