Download Which Of The Following Is True For Universal Life Insurance Policies
Pictures. You can learn more about the standards we follow in. A universal life insurance policy provides many of the same permanent protection and benefits as whole coverage along with added features.
As long as you pay enough in premium to keep the insurance part of the policy in force, you can vary the a 2009 study by the life insurance and market research association (limra) shows the following results for product market share
Universal life insurance options from principal. Life insurance policies are offered by the insurer to protect the income and earning potential of the insured. Universal life insurance (or ul) is a type of permanent life insurance that was designed to be more attractive to customers than traditional whole life if no premium payment is made that month, or a premium payment that is less than the actual expenses of the policy, then additional amounts are. Unlike most life insurance policies, universal life insurance also has a cash savings component.