Sentences with phrase «disadvantage of universal life»

The disadvantage of universal life insurance is that the flexibility might become a liability.

The disadvantage of universal life or any type of permanent life insurance is the cost.

Not exact matches

Universal life insurance was developed in the late 1970s to overcome some of the disadvantages associated with term and whole life insurance.

Universal life insurance addresses the perceived disadvantages of whole life — namely that premiums and death benefits are fixed.

This one of the primary disadvantages of dealing with a complex product like indexed universal life insurance.

Indexed universal life insurance provides a number of advantages and disadvantages to consider before purchasing a policy.

There are several different subsets of permanent life insurance types, whole life, universal, variable, etc. and each of them have different advantages and disadvantages that you need to weigh to see which one fits your needs.

The disadvantage to adjustable or universal life insurance is that the policy is based entirely off of insurance company projections and assumptions.

Universal life insurance was developed in the late 1970s to overcome some of the disadvantages associated with term and whole life insurance.

Whether you are buying variable universal life (VUL) or indexed universal life (IUL), your policy will be a type of permanent insurance and therefore offer many of same basic advantages and disadvantages.

As with all forms of life insurance there are advantages and disadvantages to the Variable Universal Life pollife insurance there are advantages and disadvantages to the Variable Universal Life polLife policy.

For more information, have a look at our article discussing the advantages and disadvantages of Indexed Universal Life Insurance.

Disadvantages of Whole Life Whole life is generally more expensive than both term and universal policLife Whole life is generally more expensive than both term and universal policlife is generally more expensive than both term and universal policies.

Converting a term life insurance to a universal life insurance policy can make a huge impact on your financial security, but the opposite, converting whole life insurance to a term life policy, results in the loss of much of your paid premiums and has the added disadvantage of possibly terminating without a settlement when the term expires.