In a nutshell, universal life insurance provides lifetime insurance protection. This is one type of permanent life insurance policy. This insurance is designed to last as long as the premium is being paid.

Permanent insurance policies are priced and designed to keep you covered for a long period of time. This type of permanent insurance policy has a feature known as cash surrender value or cash value. Universal life insurance covers an event that is certain to happen in your lifetime like death. Recent development is that you can now get universal life insurance and guarantee policy that will last a lifetime.

This entry was posted on Friday, April 10th, 2009 at 6:49 am and is filed under Life Insurance Policy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.