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Universal Life was "the thing to get" in 1979. Today, it is rarely mentioned in the insurance industry. I am not an insurance expert, but what that tells me is that it was a "pig in a poke", and not a good idea if you are starting out to buy insurance. Since the only people fully versed in it are insurance men - and they are in business to sell insurance - I don't know offhand how you'd research it thoroughly, but a little research could tell you.
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∙ 13y ago
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How does one go about purchasing a Universal life insurance?
Universal life insurance is a form of life insurance, a policy used to provide a family with money after the death of the one getting the insurance. Universal life insurance can be purchased from many of the leading life insurance companies, including Nationwide and American Family.
How does Spectra Life Insurance differ from Universal Life Insurance?
Universal Life Insurance is the one type of life insurance. This is a flexible version of life insurance where you get the savings element of whole life. Universal Life Insurance policies is the combination of death benefits with a savings component or cash value that is reinvested and tax deferred.
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
What has the author Jeanne G Thomas written?
Jeanne G. Thomas has written: 'Universal life insurance' -- subject(s): Life Insurance, Universal life insurance
What exactly is universal life insurance?
It is a cashed based, permanent life insurance. You earn interest based on stocks or bonds. There is a savings element involved with universal life insurance. It is more flexible than standard life insurance.
Do you need universal life insurance?
Universal life is a tool just like whole life and term. They all have their place, but not everyone need universal or term insurance. It depends on what your goals and fears are.
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
What are the benefits of universal life insurance and what are the possible drawbacks of this type of policy?
What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy
Do you need a security license to see variable universal life insurance?
Yes. To sell variable universal life insurance you will need a Series 63 Securities License, a variable life insurance license, and a regular life insurance license.
Where can one find Group Universal Life Insurance?
Group universal life insurance, which is a voluntary life insurance policy can be found through MetLife. Here one wil find all information regarding the insurance.
How many tipe of life insurance is available?
Basically Perm and Term. Perm or whole life or Cash Value life can be several different types such as Single Premium Whole Life, Indexed Universal Life, Universal Life, several different variations of WL such as Interest Sensitive WL and then there are the variables. Also, the "new" term pays you all your money back in the end. Broadly there are two types of life insurance: a. Term life insurance b. Permanent life insurance Term life insurance can be further categorized into: a) Annually renewable term life insurance (ART) b) Guaranteed level term life insurance c) return of premium life insurance (ROP) While permanent life insurance can be further categorized into: a) Whole life insurance b) Universal Life insurance c) To age 100 level guaranteed life insurance d) Survivorship or 2nd- to- die life insurance
Is universal life also called universal life one?
Universal Life is called only Universal Life! Universal Life 1 may just be a name given by the marketing department at an insurance company. mcdlife.com
