How does the death benefit of a universal life insurance policy provide financial security and protection for beneficiaries?

Investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by any ... Universal Life insurance allows you to pay higher premium amounts when you want, so you can potentially increase your cash value. What is life insurance? Most people think life insurance provides financial support for your family in exchange for premium payments. It does that — and so much ... WrapPlan® II is a universal life insurance policy underwritten and issued by Transamerica Financial Life Insurance Company, Harrison, NY, and administered by ... Universal life insurance is flexible to your needs, offers death benefit protection and the potential to accumulate cash value you can borrow against. Flexibility + stability. Fixed universal life provides flexible premium payments and reliable cash value growth tied to a fixed interest rate, offering stable ... 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 ... New York Life Custom Universal Life Guarantee. · Guaranteed death benefit protection (provided premiums are paid in full and on time) · Offers limited or no ... Mar 3, 2021 ... Universal life insurance offers certain advantages that other types of life insurance policies do not. At the same time, there are some drawbacks and risks. The Bottom Line. Universal life (UL) insurance is a form of permanent life insurance with an investment savings element, loan options, and flexible premiums. UL ...