|
UNIVERSAL
LIFE INSURANCE
Universal life is a type
of whole life insurance. It is a mix between
term insurance and a savings fund, and it
earns interest at a money market rate.
With a universal
life policy, the premium can vary. You decide
how much to pay toward insurance and toward
savings. You can change the face amount
of the policy, or change the amount of premium
payments and how often you pay them. However,
you must be sure your savings are enough
to cover the monthly premiums for insurance
and policy expenses. If they are not, the
monthly charges will use up the cash value
and your policy will be worthless.
Click
here for FREE Universal Life Insurance Quote.
|
