Universal Vs Whole Life Insurance at Life

Universal Vs Whole Life Insurance. Guaranteed universal life (gul) guaranteed premium ; Whole life and universal life have a large number of similarities.

In a nutshell, universal life insurance is a more flexible type of whole life insurance. Whole life and universal life have a large number of similarities. Universal life allows the policy owner to elect to pay a premium amount of their choice that must be large enough to maintain a cash value amount sufficient to pay the policy’s expenses.

Risk Management and Insurance

Universal life allows the policy owner to elect to pay a premium amount of their choice that must be large enough to maintain a cash value amount sufficient to pay the policy’s expenses. Another key difference would be how the interest is paid. In a universal life insurance policy, you can raise or lower those payments as you see fit, within the limits of the policy. Life auto home health business renter disability commercial auto long term care annuity.