How Does Flexible Universal Life Insurance Work?

1. 

   0 POINTS

   

   Contact David Racich Contact David Racich by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   David RacichPRO

   Fountain Hills, Arizona

   Flexible Universal Life Insurance has four policy types: current assumption universal life, indexed universal life and variable universal life (VUL). (Guaranteed universal life in terms of flexibility doesn't fit the adjective in the question, which is why it’s omitted.) There are two sets of rates: current company practice and contractual guarantees. The cost of insurance, front end premium loads, policy fees, admin charges and the credited earnings (or losses, in the case of VUL.) These three may have flexibility of altering the premium and death benefit to contour with the financial changes of the policy owner.
     

   Answered on June 30, 2013

   +0

   1 0

   +1 this answer

   flag this answer

   view more answers by David Racich
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.