What is Add to Cash Value Option

Add to value cash option is a universal life insurance feature that allows you to use your proceeds from your life insurance policy to build up cash values. This cash value is then invested by your life insurance company and could offer more returns depending on the result of the investment. Add to cash value option is one way to increase the face value of...Read More

Types of Life Insurance

Before you apply for a life insurance policy, it is important that you are aware of the various types of life insurance that are available in the marketplace. The following are the three major types of life insurance policies that can meet your needs. Term life insurance Term life insurance is a life insurance policy that provides coverage – at a fixed rate – for...Read More

Variable Universal Life Insurance Vs Universal Life Insurance

If you have decided on permanent life insurance, you might be considering choosing between variable universal life insurance and universal life insurance. Here is what you need to know about these two types of permanent life insurance. Cash value Both universal life insurance and variable universal life insurance allows you to build up cash value in your policy. Also, you are free to invest the...Read More

Whole Life Insurance Vs Universal Life Insurance

Now that you have decided that you want permanent life insurance, the next step is obviously to select the type that will be best for you. Hopefully, this article will help you make an informed choice about the most suitable permanent life insurance to buy. Premium This is the major difference between whole life and universal life insurance policy. With whole life insurance, your premium...Read More

Universal Life Insurance

Universal life insurance is a type of permanent life insurance that comes with an insurance component and a saving component known as cash value. In fact, experts believe that it is an excellent alternative to whole life insurance since the amount of premium you will pay is very flexible. Like variable universal life insurance, universal life insurance allows you to use to invest your cash...Read More

Types of Permanent Life Insurance Policies

A permanent life insurance policy is a type of insurance plan that offers lifetime coverage and has a cash value component. Unlike term life insurance, permanent life insurance is expensive and is free from tax until money is removed from the account. Without further ado, the following are the types of permanent life insurance policies in the marketplace. Whole life insurance Whole life insurance comes...Read More

Pros and Cons of Universal Life Insurance

Universal life insurance is a type of permanent life insurance which you can use to help your beneficiaries when you are no more. But is it the right insurance policy for you? To answer that question, consider the following pros and cons of universal life insurance. Pros Flexibility: Universal life insurance offers you immense flexibility. You can decide to pay a low premium when you...Read More

Frequently Asked Questions about Universal Life Insurance

Looking to purchase a universal life insurance policy but scared that it may not turn out to be all you hoped? Here are some of the frequently asked questions about this policy to help you make up your mind. What is universal life insurance all about? Universal life insurance allows you a whole lot of flexibility with your premiums and death benefit. Unlike other policies,...Read More