1. Peggy MacePRO
    COO and Senior Agent, Outlook Life, All 50 States
    A unit stands for $1,00 of life insurance. Therefore, if you purchase 7 units you are purchasing $7,000 of life insurance. Life insurance carriers charge a certain amount per unit of life insurance. Thus, the price you pay is based on the number of life insurance units that you purchase. 
    Answered on April 24, 2013
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