Guaranteed no lapse Universal Life makes sense when someone wants a policy that will stay in effect for life at the lowest possible price. This type of policy has very little cash value and is a good way to get permanent coverage at a reasonable price.
At the other extreme, Indexed Universal Life and Variable Universal Life can generate a lot of cash value. So IUL and VUL make sense in for providing retirement income.
All Universal Life makes sense when someone wants one policy that can be adjusted for the different stages and needs of one's entire life.
Yes Universal life makes since in many aspects. It gives you freedom in your payment where you are in control of your premium amounts and many carriers that I use have even additional bonus points which translate in even more accumulation of cash on Various products. Universal insurance makes since in many ways usually better cash accumulation on your money and still takes care of your insurance needs as well. You are welcome to contact me for a Free consultation about Great Universal Products. "An Agency that truly cares"
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At the other extreme, Indexed Universal Life and Variable Universal Life can generate a lot of cash value. So IUL and VUL make sense in for providing retirement income.
All Universal Life makes sense when someone wants one policy that can be adjusted for the different stages and needs of one's entire life.