Universal Life Insurance Guarantees Death Benefit For Policy Life

Universal Life Insurance Guarantees Death Benefit For Policy Life

When it comes to universal life (UL) insurance, one of the biggest concerns is that the death benefit is not guaranteed for the life of the policy. Most policies will terminate or mature at age 95 or 100 and cash out at that time. When this happens, it leaves the client with the cash value, which is often less than the death benefit.

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What Is Life Insurance Inside a Qualified Plan?

What Is Life Insurance Inside a Qualified Plan?

Qualified retirement plans are designed to encourage employees to save money now, so that they will have enough to sustain themselves when they are no longer working. A plan like this meets all the requirements of the Internal Revenue Code, which means it is eligible for certain tax benefits. In simpler terms, a qualified plan is a tax-favored accumulation vehicle like permanent (cash value) life insurance.

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An Illustration Predicts The Future Profitability of Your Life Insurance Policy

An Illustration Predicts The Future Profitability of Your Life Insurance Policy

An in-force illustration is the only way to gauge the potential future performance of a policy by using actual values and current assumptions (i.e., actual interest rate, current mortality and expense factors) to produce a current policy illustration. It allows you to compare past (actual) performance with anticipated performance.

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