Just call Banner life and ask someone in either Claims or Customer Service.
You would need to contact your insurance company and ask them if your policy is still active.
What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy
Variable universal life insurance is not an account. It is a policy that invests in separate accounts in an attempt to earn higher returns than a fixed policy. A variable universal life insurance policy can be converted into a different type of life insurance policy but not a different kind of account.
Is $241 a month too much to pay for a $200,000 universal life insurance policy?
the interest rate is stipulated in writing in the life insurance policy
Its a Universal life insurance Policy.
A universal life insurance policy is a cash value type of life insurance policy. With universal life insurance, you policy may build up cash values over time, similar to a whole life policy, but typically less expensive than whole life insurance. Another feature of some universal life insurance policies is called a "no lapse guarantee" With this feature, as long as you pay your premiums, the policy is guaranteed to last to age 100 and beyond depending on the specific carrier you choose. Compare this to a whole life insurance policy where the premium requirements may vary and depend on how dividends and interest rates perform.
Universal life
This life insurance policy has two different types of death benefits.
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.
no
If you are covered by an "Active" auto insurance policy then you will be covered, whether or not you have an active drivers license.