Reader’s Question: I just got a new job and my mom’s been bugging me to get universal life insurance. Can you tell me, what is the difference between universal life insurance and whole life insurance, anyway? Is it the same as variable life insurance here in Bloomington? Vanessa Bloomington, IN You have a very practical [...]

Reader’s Question: I’ve heard of universal life insurance but am not sure what it is. It was just mentioned to me in passing the other night. I was intrigued since I only knew whole life insurance. What is universal life insurance and is it available in Fresno California ? Landon Fresno, CA I am so [...]

Reader’s Question: What are equity-indexed universal life insurance policies? My friend from California mentioned it but I’m not sure if it’s being offered in San Antonio Texas – is it? Sarah San Antonio, TX Hi there Sarah! Your friend seems to know quite a bit more than the usual about life insurance policies. I’m not [...]

Reader’s Question: Is term life insurance coverage a good alternative to universal life insurance? A friend here in Montgomery is suggesting it. Grace Montgomery, AL Hi Grace! It’s good to hear that you’re thinking of purchasing life insurance coverage. Someone once told me that the uncertainties are the only things we can expect for certain; [...]

Reader’s Question: The internet is a very good tool for people like me who wants to search for so many topics. Lately, I came across whole life insurance and universal insurance in Pennsylvania. I have a hard time understanding the two products; please I need your good help. Carry Scranton, PA It is a little [...]

Reader’s Question: I have heard of the new life insurance product called the universal life insurance. What are the special features of universal life? Would it be available in Nebraska ? Judith Omaha, NE Certainly, Judith, your insurer in Omaha will carry the universal life as part of the life insurance product line. Thank you [...]

Reader’s Question: I am thinking of buying my own life insurance in Anaheim California CA. What would be more beneficial a universal life insurance or a whole life insurance? Mary Anaheim, CA Hi, Mary! Universal life insurance would be best for those who are young and are just starting to build their future. If you [...]

Reader’s Question: Hi! Can I change the person who is my beneficiary even after I have made several payments on my premium? I just got a universal life insurance policy here in Indianapolis, Indiana IN and have just made my second premium payment. Gabriel Indianapolis, IN Hi there Gabirel! If you happen to be the [...]

Reader’s Question: I heard that universal life insurance is sort of expensive here at Las Vegas, Nevada my area. Is there an affordable universal life insurance considering its flexible premium? Lloyd Las Vegas, NV A good one you got here. Actually universal life insurance is more expensive than term life insurance. Considering the various insurance [...]

Reader’s Question: What is the difference between whole and universal life insurance? And which one’s better here in Joliet, Illinois? Allan Joliet, IL By definition, they are similar as permanent types of insurance policies but differ in coverage. The former provides lifetime coverage for the insured, death benefits, and carries guaranteed cash amounts with which [...]