Universal Life at Life

Universal Life. Universal life, along with variable and whole life, are the three amigos in the world of cash value life insurance. Universal life insurance policies are traditionally marketed as a tool for leaving a substantial inheritance to your loved ones.

Universal life policies typically include a surrender period during which cash values can be surrendered, but a surrender charge of up to 10% may be applied. Consider this type of insurance if your focus is on death benefit protection for: Universal life insurance policies are traditionally marketed as a tool for leaving a substantial inheritance to your loved ones.

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Today, universal life insurance has a market share that’s roughly equal to. Term life assurance term life is that the most elementary kind of life assurance policy. Universal life insurance is a type of permanent insurance policy, which covers the policyholder for the remainder of its life with flexible benefit options. When the surrender period ends, usually after seven to 10 years, there is no surrender charge.