Universal
Life Insurance
This type of insurance
is offered via a prospectus and allows you, after
your initial payment, to pay premiums at any time,
in virtually any amount, subject to certain minimums
and maximums. You also can reduce or increase
the death benefit more easily than under a traditional
whole life policy. With universal life, you get
the certainty of a guaranteed minimum amount of
death benefit, as long as premiums are sufficient
to sustain that death benefit.
Most universal life
policies will also provide a guaranteed rate of
return on your cash values, with one important
exception. It is possible that you will not accumulate
any cash value if any, or all, of the following
circumstances occur: administrative expenses increase,
mortality assumptions are changed, the insurance
company's investment portfolio underperforms,
premium payments are insufficient.
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Check
out these other life insurance coverages that
we offer!
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