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What type of policy combines the flexibility of a universal life policy with investment choices?
The type of policy that combines the flexibility of a universal life policy with investment choices is known as a variable universal life insurance policy. This policy allows policyholders to adjust their premium payments and death benefits while also offering a variety of investment options for the cash value component. This combination provides both the flexibility of universal life insurance and the potential for higher returns through investment performance.
Can variable universal life insurance be converted into a fixed account?
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.
What is Promotion Policy?
It is a company's policy to promote: whether from within or without the roster of existing employees.
When an existing life insurance policy is pledged as collateral it is considered?
surrendered
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.
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
When a new car is purchased how long is it covered under an existing policy without being added to the policy?
You should read you existing policy. Most allow 30 days.
What kind of policy allows withdrawls or partial surrenders?
Universal Life
What are ways of contacting Churchill regarding travel insurance?
In order to contact Churchill travel insurance regarding your existing travel policy or to make a claim, one might able to try the website page for all the phone number which one is able to contact to.
How do you find information on an existing policy?
I have a paid up life insurance policy. How do I find info on the policy.
What type of policy combines the flexibility of a universal life policy with investment choices?
The type of policy that combines the flexibility of a universal life policy with investment choices is known as a variable universal life insurance policy. This policy allows policyholders to adjust their premium payments and death benefits while also offering a variety of investment options for the cash value component. This combination provides both the flexibility of universal life insurance and the potential for higher returns through investment performance.
Can variable universal life insurance be converted into a fixed account?
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 for a $200,000 universal life insurance policy?
Is $241 a month too much to pay for a $200,000 universal life insurance policy?
Is a variable universal life policy a modifeid endowment contract?
A variable universal life (VUL) policy can be classified as a modified endowment contract (MEC) if it fails to meet certain IRS guidelines regarding premium contributions and cash value accumulation. If the policyholder pays in excess of the allowable premium limits within the first seven years, the policy may be considered a MEC. This classification affects the tax treatment of withdrawals and loans from the policy, making them subject to income tax. Therefore, whether a VUL is a MEC depends on how it is funded.
Where can you cash in your policy and How does one go about cashing in the existing policy?
A life insurance policy since 1953 needs to be cashed in
What is Promotion Policy?
It is a company's policy to promote: whether from within or without the roster of existing employees.
