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Opinions on Whole Life Insurance as an Investment Tool
Yes, it costs more, but whole life insurance packs a few perks that term life insurance doesn’t. The perk most people are interested in is the fact that whole life insurance usually offers fixed premiums; since it covers you for life, you could...Read More

That Terrible Life Insurance Agent
Oh, it's that life insurance agent...I don't want to see her. You've had a hard day at work. One employee arrived late while you had a long line of customers waiting to pay for their goods. You had to jump in and assist to get things running...Read More

Types of Life Insurance Explained
If you are considering purchasing life insurance, an overview of the available types should prove helpful. This article will briefly discuss the difference between whole and term life insurance, as well as some variations on whole life insurance....Read More

Universal Life Insurance Policy Longevity
What is Universal Life Insurance and how do I get the best Universal Life Insurance Quote? Universal Life Insurance or "UL" as it is commonly referred to in the insurance industry is a relatively new concept. It is a permanent version of life...Read More

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Universal Life Insurance Policy - A Different Choice

Choosing a life insurance policy isn't an easy task. There are several policies to choose from, each with elements that we want and need. The two most popular kinds of life insurance policies are term life insurance policies and whole life insurance policies.

If a term life insurance policy and a whole life insurance policy got married and had a child, the child would be a universal life insurance policy. Universal life insurance policies are a mix of term life insurance policies and whole life insurance policies. Just like all children do, universal life insurance policies have a few positive features and a few negative features of each parent, i.e., the term life insurance policy and the whole life insurance policy.

Like a whole life insurance policy, a universal life insurance policy offers an investment component; however, universal life insurance policies are generally less expensive than whole life insurance policies. This is a good thing for those of us who want the cash value accruement of a whole life policy but can not afford to purchase one. It should be noted, however, that earning a cash value isn't guaranteed. Coverage can even end if your account gets low enough.

Like a term life insurance policy, a universal life insurance policy is usually not as expensive as a whole life insurance policy. However, even though an accumulation of cash value isn't guaranteed with a universal life insurance policy, it is possible; it is not possible with a term life insurance policy.

If certain aspects of both a term life insurance policy and a whole life insurance policy appeal to you, consider purchasing a universal life insurance policy. Don't purchase any life insurance policy, including a universal life insurance policy, without first speaking with an agent of the life insurance company. Your universal life insurance agent will be able to construct the life insurance policy that meets both your wants and needs.

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Written by: Elizabeth Newberry

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Insurance For Life…and Death.
Most people think of life insurance when it comes to having insurance in the event of death; however, life insurance isn’t the only insurance that’s nice to have when death is involved. People normally purchase life insurance policies for...Read More

Life Insurance - Do You Need It?
Many people are skittish about life insurance, because they feel that it is useless, or it makes them face their mortality, or they may arrogantly think that they won’t die. But let me reassure you, life insurance is not only useful, but also...Read More

The Ins And Outs Of No Load Life Insurance
What is no load life insurance? No load insurance is fairly uncommon, but many consider it better than the average whole life insurance package. Life insurance no-load simply means that it is not commissioned-based. The first year payments are...Read More

Top 5 Jobs Which Require Life Insurance
Life insurance is an important aspect of everyone’s lives and is something which everyone will have to face at some point in time throughout their lives. This point may come sooner rather than later for some individuals because of the job they...Read More

Types Of Life Insurance Policies
The number and different types of life insurance can cause much confusion to the new life insurance agent and in some cases to the life insurance buyer. You will get an overview of most of them here and how each one can be applied to your...Read More

Affordable UK Life Insurance
Are you in need of affordable UK life insurance? If you’re a woman, you might think the answer to this question is no. After all, life insurance has always been something that men mostly worried about. As the primary breadwinner, it has...Read More

Discount Life Insurance
Life insurance is a type of insurance policy that provides financial security and peace of mind for you, your family and dependants. It is based on the simple principle that should you die during the term of the life insurance policy, the person(s)...Read More

How To Get The Best Term Life Insurance Quote
It sounds easy enough. Just go online and get the best term life insurance quote from one of those quote providers. We’ve all heard about it. “Save 80% in 2 minutes!” The problem is – with so many choices – which web site do we trust to give us...Read More

Life Insurance - Dont let life catch you with your pants down. Get insured
Life Insurance Quote There may be plenty other things where you could spend your money, why put your money to buy Life Insurance? You could have bought that flat screen TV instead but then what good would it be after a few years? These things...Read More

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