Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Universal life is a whole life policy that combines __term___- life insurance and __investment__ elements.
Universal Life Insurance: What Is It?
Permanent life insurance includes universal life insurance. If the insured person has a universal life insurance policy, they are protected for the rest of their lives as long as they continue to pay their payments and adhere to all other policy conditions. Universal life insurance combines lifelong protection with a savings element, known as "cash value," like many permanent life policies. The death benefit of the policy is distributed to your beneficiaries after your passing.
What advantages does universal life insurance offer?
In addition to providing everlasting protection, universal life insurance has the following extra features:
- The cash value of the policy may be withdrawn or used as collateral for a loan.
- You receive interest on your cash value.
- Premiums are flexible for you.
- A death benefit is a movable object.
Learn more about insurance with the help of the given link:
brainly.com/question/8059922?referrer=searchResults
#SPJ4
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
