Universal life insurance is a type of permanent life insurance that offers flexible premiums and the option to adjust the death benefit over time. It also has a cash value component, which grows tax-deferred over the policy’s lifetime. How Universal Life Insurance Policies Work Universal life policies have two main parts: an insurance component– which Read More
Universal life insurance is a variant of life insurance. With a universal life insurance policy, you have flexibility regarding the payment of premiums. You also get to choose how your insurer will invest your cash value. The two common types of universal life insurance are indexed and variable universal insurance. The main difference between these Read More