How can the cash value in a universal life insurance policy be used for college funding?

Universal life insurance (UL) is a type of permanent life insurance. It is a whole life insurance policy and is designed to pay out a cash lump sum upon death. Accumulator UNIVERSAL Life Insurance · Designed to help provide a lifetime of protection AND flexibility · Enjoy permanent life insurance coverage and access to ... Universal Life Insurance is permanent coverage that can be customized to your changing financial needs throughout your life. Universal Life Insurance · Universal life insurance combines permanent life insurance protection and cash accumulation with the convenience of adjustable rates ... Feb 27, 2025 ... Universal policies allow you to change the size and frequency of your payments, which can be handy when times are lean. However, paying less can ... Universal life insurance is a flexible type of life insurance—sometimes known as permanent life insurance or cash value life insurance—that can adapt with you ... A Universal Life (UL) product might be just what you are looking for. Your UL policy will provide security today with the cash value growth potential you need ... Basic Life Insurance Plan. Coverage Amount: Equal to one times your annual salary ($15,000 minimum; $250,000 maximum) Premium: Paid by the state ... WrapPlan® II is a universal life insurance policy underwritten and issued by Transamerica Financial Life Insurance Company, Harrison, NY, and administered by ... Dec 3, 2021 ... Universal life insurance offers “flexibility" meaning you may have the ability to adjust your premiums and coverage amounts.