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universal is when the insured person die you get the benefits, optional term you get benefits with term limit

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14y ago

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What is the primary difference between universal life and variable universal life?

The primary difference is how the cash value is invested. Variable universal life means it is invested in stocks and mutual funds and a "fixed" universal life is usually dependent on interest rates. Both carry high risk, but a fixed universal life policy gives you a guarantee that it will not go below a certain interest rate, while variable universal policies usually do not.


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 is the difference between variable life insurance and universal life?

Nothing is the difference. Universal Life can be fixed or variable. Variable simply means that the cash value is invested in stocks or mutual funds to create a fast (sometimes slower) cash value. With a fixed Universal Life product, the cash value can be linked to an interest rate or an Index.


What types of life insurance does Mass Mutual Financial Group offer to individuals and families?

Mass Mutual Financial Group offers several different types of life insurance. They offer Term, Whole life, Universal and Variable universal life insurance to individuals and families.


Is group universal life better than a regular universal life policy?

Generally yes as you are buying in at a group rate with limited or no underwriting. Get a couple of quotes for regular UL and compare them together including premium and cash value growth focusing on the guaranteed illustration only.


What is the Difference between in group and out group?

The in group are usually the most popular students at school or in life. The out group consists of everyone else.


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


What is the difference of universal life and variable universal life?

UL policies apply a stipulated interest rate to the cash value, where VUL policies have a selection of mutual funds to choose from which can go up or down with the stock market.


When was Universal Life Church created?

Universal Life Church was created in 1962.


When was Universal Life - Cyprus - created?

Universal Life - Cyprus - was created in 1970.


Who belief that there is no universal meaning to life?

Atheists think that there is no universal meaning to life.


What is the difference between a term life insurance and an universal life insurance?

A term life insurance policy is a basic protection that covers expenses in case of an accidental death, it will sometimes cover debilitating injuries, but only briefly. A universal insurance policy covers a wider category and can sometimes be cashed in.