Reader’s Question: I am a permanent life guy! My agent in Kentucky was telling me about a new product called universal life insurance. If you can please fill me in fro things I should watch out with insurance in KY? Jon Lexington, KY Okay Jon, Glad to hear you are on board with permanent life [...]

Reader’s Question: I understand that universal life insurance would be relatively an expensive type of insurance. Would there exist a cheap universal life insurance considering that it has a flexible premium? With flexible payment, it means the premium fluctuates so it can be considered neither cheap nor expensive. Tanya Memphis, TN Good question, Tanya It’s [...]

Reader’s Question: I have a few friends in Cleveland Ohio trying to win me into buying my own life insurance. They say universal life insurance is generally beneficial. Who can actually benefit from universal life insurance? Charlie Cleveland, OH Hello Charlie Before I answer your question, let me run you through the basics of universal [...]

Reader’s Question: I am planning to buy my own life insurance here in Hillsboro, Oregon. What would be the benefits of getting a universal life insurance policy? Lou Hillsboro, OR How are you today, Lou? In short, a universal life policy is basically like merging a term life insurance policy with a tax-deferred interest accruing [...]

Reader’s Question: I am thinking of taking out a life insurance policy for myself. I wanted to know if there are any benefits of having a universal life insurance vs. a whole life insurance. Thank you. Mary Lawton, OK Well, Mary, if you are young and planning for the future but are reluctant to spend [...]