This works to
a universal life policy holder's advantage when interest rates are rising, because there is more sensitivity to positive market changes.
Not exact matches
This created a massive population of
universal life insurance
policy holders that are now stuck with under performing
policies and faced with a decision on how to not go without coverage.
The company also has a combination
life / long - term care option whereby a
policy holder can use a
universal policy as an alternative to purchasing a stand - alone long - term care insurance
policy.
Typically, a
universal life insurance
policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.
Universal life insurance, on the other hand, is a type of insurance that is more fluid since it combines term insurance with an investment in the money market as preferred by the
policy holder or advised by the insurance company.
Guaranteed
universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing
policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.
Guaranteed
universal life insurance is similar to whole
life insurance because it is also considered a permanent
policy, meaning it is supposed to last the entire
life of the
policy holder.
Because it offers flexibility and a cash value option, guaranteed
universal life insurance offers
policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:
Whether an applicant decides to go with whole
life or guaranteed
universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a
policy holder the ability to waive premiums if they become disabled and can't work.
Most variable
universal life insurance courses will allow a
policy holder to choose either a level death benefit, or one that includes the account value.
One of the key provisions of a
universal life policy is that most will allow
policy holders to take out a loan against the cash value of the
policy.
Universal life insurance which is offered in a few different forms depending upon how the assets are invested and returns are offered to
policy holders.
Overall, variable
universal life insurance can provide
policy holders with a number of different subaccount options — which can also include fixed option choices that have a minimum rate of interest.
In many ways, indexed
universal life insurance works in a similar fashion as most other types of coverage in that the
policy holder pays their premium, and the net premium is then applied to the actual
life insurance death benefit.
However,
universal life is thought of as being more flexible than whole
life because the
policy holder has more control over when the premium due date is, as well as how much of the premium goes towards the death benefit, and how much goes towards the
policy's cash value (within certain guidelines).
As with other forms of permanent
life insurance protection, the
policy holder of an indexed
universal life insurance
policy may withdraw or borrow the funds for any reason — including the payoff of debts, the supplementing of retirement income, or even to buy a new car.
Also known as group
universal life and group variable
life,
universal life insurance, is a
policy that allows the
holder to change the amount of coverage as the need for insurance changes.
This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the
policy holder should convert their
policy to a more permanent type of insurance such as
Universal Life.
Therefore, once the insurance agreement is inked, the
holder of any
universal life policy is strictly forbidden by IRS rules from attempting to influence the investment decisions of the insurance company or its representatives.
This could mean that during periods of rising interest rates,
universal life insurance
policy holders may see their cash values increase at a rapid rate compared to those in whole
life insurance
policies.
Typically, a
universal life insurance
policy holder is allowed to change — within certain limits — the death benefit, as well as the timing and the amount of their premium.
Also, with
universal life insurance coverage, the death benefit can be adjusted down or up (with evidence of insurability) in order meet the
policy holder's needs as well.
An indexed
universal life insurance
policy gives the
policy holder the opportunity to allocate cash value amounts to either a fixed account or an equity index account.
This will differ substantially from ownership of a whole
life or a
universal life insurance
policy, where the underlying funds are typically chosen for the
policy holder by the insurance carrier.
Just like regular
universal life, the
policy holder can — within certain guidelines — change both the timing and the amount of the premium.
This means that the
universal life policy can essentially change with
policy holders changing needs over time.
A
universal life insurance
policy is considered to be flexible, as the
policy holder may — within certain guidelines — alter the premium payment amount and / or timing in order to fit in with his or her changing needs.
Universal life insurance can provide a great deal of flexibility in that the premium may be changed in order to adapt to the changing needs of the
policy holder.
Overall, variable
universal life insurance can provide
policy holders with a number of different subaccount options — which can also include fixed option choices that have a minimum rate of interest.
Universal Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to
Life Insurance —
Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to
life insurance allows
policy holders both death benefit and cash value — however, these
policies are much more flexible than whole
life in that policy holders can choose when to pay their premiums, as well as how much to
life in that
policy holders can choose when to pay their premiums, as well as how much to pay.
While there are a ton of different names for these plans (whole
life insurance,
universal life insurance, etc.), they all have a core similar to Indiana term
life insurance but with a major difference in that the
policy grows a cash values for the
policy holder.
A
universal life insurance
policy will typically allow the
policy holder to move funds between the insurance portion of the
policy and the cash value component.
With a
universal life insurance plan, the
policy holder will be covered with a death benefit.
This can essentially provide the
policy holder (or
policy holders) with the benefits of
universal life and long - term care insurance combined.
With
universal life insurance, the amount and the frequency of the premium payments may be altered to meet the
policy holder's needs (within certain guidelines).
A
universal life insurance
policy provides more flexibility than whole
life in that both its death benefit and its premium may be changed (within certain guidelines) to meet the
policy holder's changing needs over time.
With the regular
universal life insurance
policy, the
policy holder will attain flexible premiums — which can allow them to change their payment based on their changing needs (within certain
policy guidelines).
Because of this, indexed
universal life insurance is used by many
policy holders who are seeking higher potential growth (than that of whole
life, or even CDs and money markets), yet with protection of principal.
Universal life insurance offers
policy holders a great deal of flexibility in that they can choose — within certain parameters — when they make their premium payment, as well as how much of that payment is allocated to the death benefit and how much of it is allocated to the cash value component.
Likewise, the company's index
universal life insurance
policy also offers a fair amount of flexibility in that it, too, offers a long - term care
policy rider, as well as a rider for
living / accelerated death benefits if the
policy holder so chooses.
Universal life insurance is more flexible than whole
life, as the
policy holder can alter the premium (based on certain guidelines) regarding due date and the amount.
Unrealistically optimistic illustrations were what left so many early
holders of
universal life policies underwater, often just when they were counting on their holdings to help them into retirement.
For example, indexed
universal life offers
policy holders a return of cash based upon a number of market indexes (such as the S&P 500 index) that may be selected by the
policy owner.
There are many nice advantages that can be gained by owning a
universal life insurance
policy — including the fact that their
holders have a great deal of flexibility regarding when and how much premium they pay (provided that there is enough cash in the cash value component to cover the cost of the
policy's death benefit).
Voya Variable
Universal Life — CV — With this
policy, there are 55 + different investment options; allowing the
policy holder to build substantial cash value for supplementing retirement income, paying college tuition, paying off debt, or building funds for any other reason that they see fit.
Universal life insurance which is offered in a few different forms depending upon how the assets are invested and returns are offered to
policy holders.
A
universal policy allows the
holder to adjust his or her premium payments and death benefit over the
life of the
policy.
** Guaranteed
Universal is not permanent
life insurance, but it's designed to outlast the
policy holder's
life.
A
universal life insurance
policy can help to meet the needs of
policy holders wanting longer term
life insurance coverage.
This gives the
holder a lot of choice in determining which account is used, and also the flexibility of traditional
universal life insurance
policies in determining how much of a premium you pay.