Term life insurance gets a boost

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Do you need life insurance? » Term life insurance gets a boost

One major drawback to traditional term life insurance is that life is messy.

Short of a functional crystal ball, we have no way of knowing exactly what our insurance needs will be 10 or 20 years down the road when our term policy expires. By then, we're basically left with three options: buy a new (read: affordable) term policy if we're healthy, extend it on an annual basis at exorbitantly higher rates if we're not or walk away from it.

But consumers now have a more flexible choice in term-style insurance with the introduction of Term UL, a new hybrid product that grafts term life coverage onto a universal life, or UL, chassis.

One major advantage of the Term UL framework is that it allows you to extend the term of the policy on a level-premium basis after you are in the plan, although that level premi... http://auto-car.ucoz.com/news/insurance_get/2013-06-22-4940