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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.

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15y ago

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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.


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 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.


Where can you get information about universal life insurance?

There are many companies you can get information about universal life insurance; MetLife, State Farm, and so on you just need to go to the website or call the 800 number they provide to get information.


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 are the different kinds of life insurance available?

The main types of life insurance are term life insurance, whole life insurance, and universal life insurance. Term life insurance provides coverage for a specific period, while whole life insurance offers coverage for your entire life. Universal life insurance combines a savings component with a death benefit.


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.


Should you cash in your universal life and invest cash value in term life insurance?

Universal is better term expires and if it does before you do-you get nothing. Different people in different circumstances need different types of insurance. Since we do not know anything about you other than that you presently have universal life insurance (or whole life, as it is more usually called) we have no basis to recommend whether you should convert it into term life or not.


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


Is a flexible premium multifunded life insurance an annuity?

Its a Universal life insurance Policy.


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.