Term life insurance can be modified or change into a whole life insurance or
universal life insurance package.
Not exact matches
Indexed
universal life insurance products and policy
packages offer a variety of options that allow you to make the most out of the flexible and financially adjustable nature of the policy.
Universal life insurance is a unique product in that it is actually two different products
packaged together.
This can be a
life insurance package that consists of Term
life insurance with a higher face amount for the most financially volatile years of your
life when you have the highest financial liabilities and when the Term
life insurance drops off by its term limit you will still have a permanent plan such as
Universal life which will carry on for the rest of your natural
life.
The
universal life policy improves the overall
life insurance package in that it is portable and can create supplemental retirement income through its cash value.