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Tag: Universal Life Insurance

What is The Difference Between Universal Life Insurance and Whole Life Insurance?

What is The Difference Between Universal Life Insurance and Whole Life Insurance?

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Finding a life insurance policy that fits your and your family's needs can be challenging. There are many options available to you, including two of the most common forms of life insurance: universal life insurance and whole life insurance. While both policies have their similarities, they're also very different from one another. This guide will help you compare and contrast the two and help you identify the policy that's right for you. What Is Universal Life Insurance? Universal life insurance is commonly referred to as adjustable life insurance because of its flexibility. You can increase or reduce the death benefits that your beneficiaries receive. You can also pay your premiums whenever you want at any amount. Keep in mind, however, that making lower payments is only poss...