What Is Flexible Universal Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Flexible is simply an adjective used to describe Universal Life Insurance. When you buy Universal Life, or UL, you can change the premium, dump in a lump sum of money, borrow from cash value, or decrease face amount. Being able to do all these things with one policy makes it a flexible plan that can be used to meet many needs over many years.
    Answered on October 2, 2013
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