Universal Life Insurance
Universal life
insurance provides permanent protection for your dependents and is more
flexible than whole or variable life.
What
it does:
It pays a death benefit to the beneficiary you name and offers you a low
risk cash value account and tax deferred accumulation.
It allows you to earn market rates of interest on your cash value account.
It offers the right to borrow or withdraw from the policy during your
lifetime.
It allows you premium flexibility.
It offers face amount flexibility.
What
it doesn't do:
It doesn't offer you the account flexibility to invest in separate accounts
such as money market, stock, and bond funds.
It doesn't allow you the account flexibility to split your money among
different accounts or to move your money between accounts. |
