Universal Life Insurance

Review: LifeInsure.com Provides Instant Insurance Quotes

Sun, 08 Apr 2007 18:04:49 -0800

(While the above is a sponsored post, PFBlog is not required to provide a favorable review. Quality time was spent to study the subject website in completing this post to provide an independent opinion.)]]>

How Long Do You Need Life Insurance Coverage?

Fri, 06 Oct 2006 17:23:16 -0800

To me, the moment your asset will ensure a comfortable retirement, the moment you no longer need life insurance any more. Therefore, usually you only need life insurance for no more than 25-30 years.

How To Compare Different Universal Life Insurance Plans?

Wed, 20 Sep 2006 02:29:58 -0800

Great tips on how to be a savvy universal life insurance shopper.

What Is Universal Variable Life (UVL) Insurance?

Wed, 20 Sep 2006 02:28:11 -0800

Universal variable life is also called flexible premium variable life. This policy mixes the flexible features of universal life and the investment options of variable life. As with universal life, you can raise or lower your premiums in a single policy. As with variable life, you have the right to choose how your cash value will be invested. The insurance company is not required to make any guarantee on your cash value. With universal variable life, the value of your cash fund is tied to the market value of the assets in the cash value fund. In theory, you could have $15,000 in cash value one day and $10,000 in the next, depending upon market fluctuation. So one of the main problems with universal variable life is that you can lose your insurance coverage.

What Is Variable Universal Life (VUL) Insurance?

Wed, 20 Sep 2006 02:28:11 -0800

Variable universal life is a form of life insurance, specifically it's a type of cash-value insurance policy. (The other types of cash value life insurance are whole, universal, and variable life.) Like any life insurance policy, there is a payout in case of death (also called the death benefit). Like whole-life insurance, the insurance policy has a cash value that enjoys tax-deferred growth over time, and allows you to borrow against it. Unlike either term or traditional whole-life insurance, VUL policies allow the insured to choose how the premiums are invested, usually from a universe of 10-25 funds. This means that the policy's cash value as well as the death benefit can fluctuate with the performance of the investments that the policy holder chose.

What Is Variable Life Insurance?

Wed, 20 Sep 2006 02:27:07 -0800

Variable life is one kind of permanent insurance that lets you target your premium to one or more separate investment funds. These could be fixed income investments, or stocks, bonds, or a money market fund. Depending on company policy, you can switch your investments two to five times per year. Unlike universal life, with variable life you can control the investment of your cash value. The policy could be risky because the investment could go up or down. The cash value and investment will vary, depending on what your investment fund does. The death benefit cannot fall below the amount of insurance you first bought. As with traditional whole life, you pay fixed premiums and can borrow against the policy at fixed or variable rates. Because you decide where your money is invested and take the risk, variable life is considered a security. Insurers must, by law, sell variable life by prospectus. A prospectus is a document that gives you important facts about the company and the policy. Variable life often costs more than other types of cash value life insurance. Under current law the cash value of variable life, like those of universal life and whole life, will not be taxed until you cash in your policy.

Universal Life Insurance Feature: No Lapse Guarantee Rider

Wed, 20 Sep 2006 02:24:57 -0800