Universal Life Insurance
- US
Sherlochs Offers Information & Advice on Finding The
Very Best Universal Life Insurance.
Get an instant
Universal Life Insurance quote.
Simply enter your zip code in
the box on the left for instant quotes.
Universal Life Insurance is a
flexible-premium, adjustable benefit life insurance
policy that accumulates account value. The
flexibility of this policy allows you to change the
amount of insurance as your needs for insurance
change. Some changes require underwriting approval.
As with all life insurance, the
main purpose for buying a Universal Life
insurance policy is the death protection
provided to your loved ones at your death.
Benefits of Universal
Life
Flexibility -- You
decide how much life insurance you need -- and
subject to certain requirements and limitations, you
can adjust the death benefit and premium payments to
fit your changing needs.
-
Security
-- You help protect your loved ones against
possible financial hardship in the event of the
insured's death.
-
Tax-Free death
benefit -- Under
current tax laws governing individual life
insurance, life insurance proceeds are generally
income tax free to the beneficiary.
-
Tax-Deferred
account value growth
-- Your policy's Account Value earns interest at
the company's current interest rate -- federal
income tax deferred. The current interest rate
is guaranteed to be at least 4% a year.
This is a general description of
coverage. A complete statement of coverage is found
only in the policy.
There are a number of companies that can give you
information & advice on universal life insurance
policies. Remember to seek professional
financial advice before taking out any life
insurance policy.
Life
insurance is an important and integral part of
comprehensive and sound financial planning. A life
insurance policy is a legal contract between you and
the life insurance company. While price is an
important consideration, the terms and conditions of
the contract are of utmost importance.
In
simple terms, you agree to pay money in regular
instalments (the "premium") and the insurance
company (subject to the terms, conditions,
limitations and exclusions of the contract)
agrees to pay a sum or sums of money if you die
and/or if certain other event's or actions or
situations occur while the policy is in force as set
out and defined in the contract. Just like any other
contract, life insurance contracts have terms,
conditions, limitations and exclusions. Some life
insurance contracts are relatively 'simple' whereas
others are highly complex legal-financial documents.
Find the
Best Financial Packages
At Sherlochs, we regularly update our pages
with the very latest financial offers. Find
the best mortgage rates, cheapest loans, best
insurance quotes and more.
Read the
Latest Financial News
We regularly update this site with the very latest
financial news. Read the Financial Articles,
and review the latest financial products.
Follow the links to the left to find information &
advice on the Financial Product or Service you are looking for.
|
