What Is Universal Life Insurance And How Does It Work at Life

What Is Universal Life Insurance And How Does It Work. What is universal life insurance and how does it work? Flexibility is generally the key feature of universal life insurance.

Universal life insurance is a form of permanent insurance, meaning coverage can last for your lifetime so long as premiums are paid. (a small amount of your premium also pays policy fees.) the growing cash value amount sits there, similar to the balance in a savings account. How does universal life insurance work?

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It can cover you for the duration of. Universal life insurance is known for its flexibility — the policy allows you to adjust your premiums and death benefit depending on your needs. But universal life insurance is a very complex and highly customizable product too. It’s called universal because it’s meant to be a product for.