What Exactly is Variable Universal Life Insurance?

Posted on Thursday, December 31, 2009
Filed under Variable Universal Life Insurance | 11 Comments

If permanent insurance with flexible premiums and options is
important to you, you’ll want to choose a variable universal
life insurance policy. This type of policy combines features of
universal life insurance with investment options, so you have
the potential for a larger death settlement than you would have
with an ordinary policy. It is called a variable universal life
insurance, because your investments and premiums are not fixed.
They are variable because they depend on the current market
conditions.

Variable universal life insurance has advantages over other life
insurance policies, such as Globe Life Insurance or whole life
insurance. With this type of life insurance you get to play the
stock market and choose the investment funds where you want to
put your money. With universal life insurance on its own, you
can’t control how your cash value is invested. When you combine
it with variable life insurance, you can switch investments two
or three times a year if you wish to get a higher life insurance
settlement.

As with 30 year term life insurance and others, you do have a
guaranteed death benefit. This amount could rise drastically if
you have the right investments with a variable universal life
insurance. The amount of the cash settlement varies, so that you
could have lots of money one day and the minimum life insurance
settlement the next.

The life insurance cost associated with variable universal life
insurance is higher than other types. However, along with this
comes the advantage that you have a tax shelter. The money you
make through investments will not be taxed until you cash in the
policy. The monthly premium you pay also varies, depending on
market conditions. This may not appeal to you if you are on a
fixed income and have to budget for the premiums.

Variable Universal life insurance is not for everyone. If you
want to make sure that there is a death benefit to protect your
family in the event of your death, then maybe you should look at
a 30 year life insurance or ask for a whole life insurance
quote. This way your money is guaranteed and you don’t run the
risk of losing it. The way market conditions are operating
today, the many falls seem to indicate that the cash value of
the life insurance policies are falling as well. It’s better to
be safe than sorry.

Variable universal life insurance gives you choices.

How Do I Get A Good Universal Life Insurance Quote?

Posted on Thursday, December 10, 2009
Filed under Universal Life Insurance Quote | 3 Comments

Universal Life Insurance, as some may know is a more flexible version of Whole Life Insurance, wherein the policyholder has the liberty to make changes to the policy when required. By this it means that the policyholders can increase or decrease their premiums, according to their financial status in that policy year. They can also put in a larger share of the premium amount into the death benefit amount, which is tax-free while the remaining amount goes into the cash value growth and vice versa.

There are numerous companies that offer various life insurance policies, but finding the right company can be a very difficult task. As the market is flooded with such companies, it becomes hard to decide which one of them has the best interest quotes, is reliable and will follow the rules of the policy as stated in the policy terms and conditions. Most people are unable to even understand how these companies work and find themselves cheated at most times. This is because the company had not explained the facts properly, causing the policyholder to stand at a loss.

It therefore becomes imperative for you as a policyholder to find out all about the company and its policy details and interest quotes, before you assign them your savings. All said, the question now arises as to where you can find Universal Life Insurance quotes that you can compare based on which you can make your decision. There are several online services that offer free quotes of different companies offering Universal Life Insurance policies based on your requirements. You can compare these quotes as well as find out more about the companies that you wish to consider. Depending on the company’s reputation and their interest quotes, you can choose a company that suits your needs best.