Universal Life Insurance Question

Reader’s Question:

I was once browsing the web and I saw different types of Universal Life Insurance Policies. I thought there was only one form of Universal Life. What are the other two types of insurance policies under Universal Life? -

Jean

Bellingham, WA

Good day Jean! If you are planning on purchasing a Universal Life Policy offered in Bellingham, Washington, these are the several types of Universal Life Insurance Policies available. There is the Variable Universal Life and the second one is equity indexed universal life insurance policy. What are the differences between the two? Well, the variable universal life will give you an alternative to put in your money. This policy will give you a better rate of return for your money. However, if you want to buy this kind of insurance policy, you should be ready to face a possibility that the cash value of whatever money you have put in can decrease in value. But it doesn’t matter; the value of your death benefit is secured. You have to take note that the products of the variable universal life insurance can give its insurers durability to their investments. Added information on this form of insurance policy is available with your trusted insurance agents in Bellingham. The second form of the universal life policy is called the equity-indexed universal life policy. This insurance policy will grow according to the transformation of the stock market. The policy itself is flexible to settle in advance the highest or lowest prevailing growth percentages are in the market. Good luck