Sentences with phrase «not regular universal life»
Even so, in these cases, we'd recommend you look into Guaranteed Universal Life, not regular universal life or whole life.
https://www.insuranceblogbychris.com/ Not exact matches
Term life is a fully different type of policy from that of universal life (indexed or not), or whole life insurance, but the basic idea is the same; the customer pays regular premiums to the insurer and should he die while the policy is in force, the insurer is obligated to pay his beneficiary or beneficiaries a pre-determined lump - sum amount.
Unlike regular universal life insurance policies, it does not have a cash value investment component.