Universal Life Insurance Quote
Mar 8, 2009 Life Insurance Quotes
At Insurance Globe, you will find one of the largest selections of no-lapse universal life insurance quotes on the web. No-lapse universal life Insurance provides you with a guaranteed lifetime death benefit, a predictable premium and payment schedule. No-lapse universal life insurance also has a flexible premium just in case your financial needs change in the future.
Just choose a death benefit level and make your regular planned premium payments knowing that your death benefit is guaranteed. You beneficiaries will receive a death benefit that generally avoids probate and is received free of state and federal income taxes. If structured properly, it may also be distributed free of estate taxes.
One of the nice things about universal life insurance, is that it has a flexible premium. If your financial situation changes, you can adjust your premium payments or increase or increase or decrease your death benefit. Some companies even allow you to make catch-up payments to restore your policy to it’s original guarantee period.
You can also access policy cash values through withdrawals or loans. Some policies even allow you to access part of the death benefit under certain conditions. Some companies even guarantee that if you surrender your policy after the surrender charge schedule, they will return a percentage of your premium as high as 100% in some cases.
So, if you are looking for a policy that is guaranteed for the rest of your life no matter how long you live, universal life insurance may be the right choice.
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March 27th, 2009 at 7:11 am
A universal life insurance policy is subject to market fluctuations. The face value of your insurance could accrue gain or loss depending on the present market situation. This type of policy is not a popular choice, although some who are market savvy may prefer it. The most popular type of life insurance is term life insurance. Of course, term insurance is temporary, and covers the risk of death only if the insured dies before the term insurance expires. But term life insurance gives you more coverage at relatively much cheaper price than universal.