Universal life insurance (often shortened to UL ) is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited ea...
the policy (although one may exercise an Automatic Premium Loan feature, or surrender dividends to pay a Whole Life premium). Variable universal life is a type of permanent life insurance...
Universal life insurance gives consumers flexibility, while whole life insurance offers consistent premiums and guaranteed cash value accumulation.
Indexed universal life (IUL) insurance boasts the flexibility of fixed universal life policies but with the possibility of earning more cash value, within limits.
Term life insurance and universal life insurance have different term lengths and costs to consider. Universal also has a cash value component, which term life does not.
Universal life (UL) insurance is permanent life insurance with an investment savings component.
Universal life (UL) insurance can provide lifelong coverage but is more flexible than whole life insurance. We reviewed 91 companies to find the best UL providers.
Indexed universal life insurance can help you build wealth and leave a death benefit to your loved ones. However, higher returns are not guaranteed.
Learn how universal life insurance combines protection with cash value growth potential and premium flexibility. Get answers to common questions.
Of the 45 life insurance companies we researched, we found that the best life insurance company is Nationwide. We evaluated insurers on 70 criteria, including price, policy types, financial...