This product was designed to
combine death benefit protection with high early cash accumulation as well as long term cash accumulation.
A variable universal life insurance policy is type of permanent life insurance that
combines death benefit protection with an investment opportunity.
Not exact matches
Lifetime Assure universal life insurance provides a number of advantages, including
death benefit protection combined with guarantees in case of premature
death, and cash accumulation that can help you meet many needs.
However, Phoenix Life Insurance's simplified issue product
combines a
death benefit with living
benefits, giving the insured
protection in
death and life.
Variable universal life insurance
combines the core
benefit of life insurance —
protection for beneficiaries through an income - tax free
death benefit — with significant flexibility for those willing to accept market risk.
You can buy permanent life insurance (which
combines elements of insurance and savings into one contract), you can buy term insurance (which is pure
death benefit protection) and use some other financial product to help you accumulate savings (e.g. mutual funds inside a 401 (k)-RRB-, or you can buy permanent insurance and also buy other financial products, like stocks, mutual funds, real estate or anything else you think would make you money.
Permanent cash value) life insurance: A type of life insurance that
combines a
death benefit with a cash value component that builds over time; offers lifetime
protection.
There are various options of
combining the basic
Death Benefit along with riders to increase
protection.