Get Qualities Of Universal Life Insurance
Images. Universal life insurance has both advantages and disadvantages. Life insurance can replace the earnings that would cease at the death of the insured and can help the family continue to pay their necessary expenses and maintain their quality of life.
A universal life policy also gives you the flexibility to raise or lower premium payments within certain limits, so it can cost less than whole life coverage.1.
Life insurance can replace the earnings that would cease at the death of the insured and can help the family continue to pay their necessary expenses and maintain their quality of life. Learn more about the right coverage for you here. Whole life has a guaranteed fixed premium and cash. Universal life insurance is a form of permanent life insurance that may provide life insurance protection along with the benefit of flexible premiums, and cash value buildup, similar to the savings element in whole life insurance.