In one form of variable universal life insurance, the cost of insurance purchased is based only on the difference between the death benefit and the cash value (defined as the net amount at...
Another major difference between universal life and whole life insurances: the administrative expenses and cost of insurance within a universal life contract are transparent to the policy...
Dual benefits · The cash value of your policy may grow over time and is accessible during your lifetime1 , while the death benefit protects your loved ones financially if you pass away ; Greater growth potential · Your funds can be invested in the financial markets to potentially increase the cash value of your policy ; Control over investing · Premiums are somewhat flexible, and you can choose from different investment options based on your goals, risk tolerance, and timeline ; Financial reliability · We consistently pay benefits to policy owners and their loved ones, and we always put your financial needs first
Indexed universal life insurance can help you build wealth and leave a death benefit to your loved ones. However, higher returns are not guaranteed.
Explore universal life insurance policies from New York Life and learn about long-term life insurance coverage that may better fit in your budget.
Universal life insurance gives consumers flexibility, while whole life insurance offers consistent premiums and guaranteed cash value accumulation.
Indexed universal life insurance (IUL) is a type of permanent life insurance. Learn how it differs from other universal life insurance
Discover the features, benefits and costs of indexed universal life insurance.
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A universal life insurance policy is designed to offer flexible death benefits and premiums, but that flexibility comes with risks.