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Universal
Life Insurance
Universal
Life plans provide lifetime coverage, but unlike the Whole
Life policy, they feature an "investment component".
The investment fund is partially sheltered from taxes, but
unlike savings in a whole life plan, the savings in a universal
life plan are controlled by you, not the insurance company.
This
offers you the potential of receiving more coverage for less
premium, but it involves sharing some of the risk with the
insurance company.
- Coverage
for life
- Flexible
premiums which can be increased / decreased by the policy
holder
- Death
benefit (basic amount) guaranteed - Accumulated cash value
my be added
- Flexible
cash values depending on investment returns and level of
premium deposits
- No
dividends
- The
savings component grows tax-free inside the policy
What
is Leveraged Life Insurance?
Other
options
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"Making
sure my family is
taken care of is my #1 goal."
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