What Is A Universal Life Insurance Plan
Images. As a result, universal life insurance premiums are typically lower. He now writes about financial services, products, planning, and more.
In fact, there are actually three types to choose from.
In the following article on variable universal life insurance, we will cover the history of the product. The most important consideration, though, is how much income you'll need to support yourself in retirement. Rather than growing based on a fixed interest rate, it's tied to the life insurance is just one part of a retirement plan. Universal life insurance (often shortened to ul) is a type of cash value life insurance, sold primarily in the united states.