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Insurance

Universal Life Insurance

Fri, 15th January, 2010 - Posted by Living Life Abundantly - Comments Off

Universal life insurance is just one of several types of life insurance policy available through life companies today. Unlike term life insurance or mortgage (reducing) life insurance, universal life insurance gives your insurance policy a cash-in value, allowing you to withdraw funds accumulated on your universal policy as and when needed.

This flexible approach to life insurance is very popular in the US and offers a real alternative to standard term & mortgage life policies where the policyholder does not normally get to benefit directly from the life insurance funds, unless they are diagnosed as being terminally ill. Universal life insurance also provides policyholders with the ability to accrue interest on their life insurance premiums – something that a standard life insurance policy does not offer. Read more... (426 words, estimated 1:42 mins reading time)

This is a preview of Universal Life Insurance. Read the full post (426 words, estimated 1:42 mins reading time)

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