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• Why Should I Buy Life Insurance
• How Much Life Insurance Do I Need
• What Are The Principal Types Of Life Insurance
• How Should I Choose What Type Of Life Insurance To Buy
• What Are The Types Of Term Insurance Policies
• Do I Need Life Insurance
• Which Type Of Life Insurance Is Best For Me
• Permanent Or Whole Life Insurance
• Variable Life Insurance
• Universal Life Insurance
• Universal Variable Life Insurance
  

Universal Variable life is the type of insurance which gives you more control of cash value account policy features than any other insurance type.

What it does

It pays a death benefit to the beneficiary you name and offers you low risk tax deferred cash value options.

It offers separate accounts for you to invest in such as money market, stock, and bond funds.

It offers premium flexibility.

It allows you to make withdrawals or to borrow from the policy during your lifetime.

It stipulates that if you terminate the contract in early years you will receive less cash value total return than in a whole contract.

What it doesn't do

It requires you, the policyholder, to devote time to manage the accounts. The policies long term success is contingent on the investment you make.

It doesn't work well with small premium amounts because your premium must cover your insurance and your accounts.

Article by: Insurance Finder

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