Universal Variable Life Insurance
Universal Variable
life is the type of insurance which gives you more control of cash value
account policy features than any other insurance type.
What
it does:
It pays a death benefit to the beneficiary you name and offers you low risk
tax deferred cash value options.
It offers separate accounts for you to invest in such as money market,
stock, and bond funds.
It offers premium flexibility.
It allows you to make withdrawals or to borrow from the policy during your
lifetime.
It stipulates that if you terminate the contract in early years you will
receive less cash value total return than in a whole contract.
What it doesn't do:
It requires you, the policyholder, to devote time to manage the accounts.
The policies long term success is contingent on the investment you make.
It doesn't work well with small premium amounts because your premium must
cover your insurance and your accounts. |
