Sentences with phrase «version of a universal life insurance policy»

Not exact matches

Universal life insurance is essentially a version of whole life insurance but with the added flexibility of using the policy's cash value to pay for premiums.

Most versions of universal life insurance do not feature a, «no lapse,» policy clause.

Although the traditional version of universal life insurance was a popular and safe option a couple of decades ago, as the financial situation of the past two decades has seen periods of instability, the advantages of the traditional universal life policy have diminished and become more risky.

A more flexible version of variable survivorship life insurance called «variable universal survivorship life insurance» allows the policyholder to adjust the policy's premiums and death benefit during the policy's life.

Universal life insurance is essentially a version of whole life insurance but with the added flexibility of using the policy's cash value to pay for premiums.