Universal life insurance requires premium payments at least once each year. It guarantees a high rate of interest indefinitely. It always involves a cash account and decreasing term insurance coverage. It allows the policyowner to increase or decrease premiums and death benefits.
1) requires premium payments at least once each year.
2) guarantees a high rate of interest indefinitely.
3) always involves a cash account and decreasing term insurance coverage.
4) allows the policyowner to increase or decrease premiums and death benefits.