shopify analytics ecommerce
tracking

Universal Life Insurance

A Good Life Insurance Solution

Universal life insurance was designed with the express intention of combating the venerable whole life insurance policy.

The whole life policy had all the advantages of a good life insurance policy except for two things.

This policy needed a much lower premium to be more effective in the market place. It also needed more flexibility. The life insurance policy discussed here has all of these advantages and then some. Here is how it works.


Can you think of anything more important than your Family's Security? What would happen to Your Family if you died? Would they be provided for? Compare Quality Life Insurance Quotes from Quality Carriers and Save. Click Here For More


How Universal Life Insurance Works

  • The Death Benefit

    Universal life insurance has a guaranteed level death benefit that can be increased or decreased at the will of the owner of the policy. It is always easy to decrease the death benefit but an increase may require evidence of insure-ability and the approval of the life insurance company. Here is an example. Suppose that you bought a universal life insurance policy for $250,000 at age 29 nearest birthday. Let us further suppose that the limit at that age for non medical insurance was $300,000... Two years later at age 31 you decide to increase your death benefit to $300,000.

    At age 31, however, the minimum that the company will issue on a non medical basis is $250,000 so they will ask you to do a medical. If you are in good health they will give you the increase with no problems but...

    Let us assume that on doing the medical you find that your blood pressure is elevated. The life insurance company may offer you the additional insurance policy but on a rated basis or they may decline the increase outright. Decreasing the amount of your death benefit is always easy but the increase may be denied.
  • The Savings Element

    This type of life insurance also has a savings element that can also be increased or decreased. Unlike with the death benefit it can always be increased or decreased at your will. When times are good the flexibility of your saving element is always a good thing. Let us look at what could happen in bad times when interest rates fall...

    If interest rates fall the premiums may not be sufficient to maintain your selected death benefit. If this should occur you may be required to pay an additional premium. If you are unable to do so you would need to reduce your death benefit or otherwise allow the policy to go into a state of lapse. You, of course, can reinstate your universal life policy when you have the money, that is if you can qualify medically for the policy...

Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes


Home Universal Life Permanent Life Insurance Whole Life Insurance Variable Life Insurance Viatical Settlements Cashing A Life Insurance Policy Cash Values Affordable Term Life Insurance Accelerated Death Benefit Annual Renewable Term Life Insurance Best Term Life Insurance Cheap Term Life Insurance Decreasing Term Life Insurance Direct Life Insurance Disability Insurance Estate Planning Family Protection Financial Planning Financial Security Fixed Annuities Graded Premium Life Insurance How Much Life Insurance Increasing Premium Life Insurance Instant Term Life Insurance Investing In Whole Life Insurance Instant Life Insurance Quote Key Employee Life Insurance Business Life Insurance Life Insurance Rate Quote Life Insurance Buying Tips Long Term Care Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. No Medical Exam Life Insurance Explained - No Medical Life Insurance

    No Medical Exam Life Insurance. What is going on here? Is this new? The way people act one would think that this is an entirely new idea.

    Read More

  2. Online Life Insurance - Online Term Life - Online Whole Life

    Consider online life insurance. Buying life insurance online can be quite a simple process especially if you know how much you want and what type.

    Read More

  3. Term Insurance Details - Term Life Insurance Policies Explained

    There are many pages on this website on term insurance details and how it works. What I want to do on this page is give you a basic and general outline of this policy.

    Read More

  4. Term Life Insurance Quote - Premiums Have Been Reduced

    You may find it a valuable experience as well as enlightening if you took some time to get a term life insurance quote on your favorite term policy.

    Read More

  5. Key Employee Life Insurance

    Key employee life insurance is really a necessity.

    Read More