Universal Life Insurance
Universal life insurance rate policies are interesting creatures. They are pretty new in the cash-value life insurance policy world. However, they are very appealing to many term life insurance rate consumers because of their degree of flexibility and transparency.
For example, there are several parts to a life insurance rate policy and a term life insurance rate policy. They are the savings components, the expense components and the protection components. In this particular term life insurance rate policy, every time a premium payment is made, the life insurance company will take out expense charges and apply the rest to the cash value of the term life insurance rate policy. Out of the cash value, the mortality charge will be paid for, which helps pay for the protection of the term life insurance rate policy. This in turn adds to the cash value through interest accumulation. It is kind of like a recycling term life insurance rate policy where no part of your premium goes to waste.
Universal Life Insurance, Part 2
Universal Life Insurance, Part 3
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