Equity Indexed Universal Life Insurance - Compare Policy rates and Benefits

life insurance policy cost

What is Universal Life Insurance?

Universal life insurance (UL) is a combination of term insurance and whole life insurance that provides affordable death protection with considerable policy flexibility.

With universal life, the costs of insurance are based on annual renewable term insurance rates that increase annually as the age of the insured increases. Additionally, universal life offers a cash value account that grows tax-deferred at a current interest rate much like whole life insurance. Universal life essentially combines the advantages of low cost term insurance with a tax deferred savings vehicle. This unique policy design allows for adjustable policy premiums and insurance face amounts making the UL policy a versatile tool that is adaptable to changing situations and circumstances.

Universal life is known for its flexible premium ... http://insurance-auto.ucoz.com/news/life_insurance_policy_cost/2013-05-25-2454