Universal Life Insurance Definition at Life

Universal Life Insurance Definition. The death benefit is paid to the person you name as the beneficiary in your policy. These policies allow you to change the terms of your policy, such as shifting how you pay premiums or increasing or reducing your death benefit.

A universal life insurance definition is a type of permanent coverage that offers flexibility. Variable universal life pros and cons, universal life insurance policy, is universal life insurance a good investment, how does universal life work, guaranteed universal life, dave ramsey universal life insurance, universal life vs whole life, variable universal life insurance definition persons involved when proper medical documents has serious. Universal life insurance is a type of life insurance policy that allows the policyholder to alter the policy in response to life changes, by merging the benefits of term life insurance with those of a savings account.

Universal life insurance is a type of permanent insurance that offers flexible premiums and a flexible death benefit. Universal life insurance is type of permanent life insurance that features a savings element and flexibility in the terms. Universal life insurance definition, a type of insurance in which the payments of the insured are placed in an investment fund, earnings from which pay the premium on term life insurance while any remainder continues to increase the policy's value. Some universal policies also offer flexible death benefits.