What are the ethical considerations for financial professionals when recommending universal life insurance to their clients?

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 ... Under current federal tax rules, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, ... Universal life insurance is a flexible adjustable life policy, which incorporates annually renewable term insurance with an interest bearing side fund (cash ... 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. Universal life insurance · You can change your premiums at any time to meet your budgetary needs. · Your cash value grows to provide a tax-free death benefit. Such policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at a substantially lower premium cost than an equivalent whole ... Aug 20, 2017 ... Enrollment has been extended! The number to call is 425-827-8397, option 1. NW Benefit Advisors can answer your questions and enroll you in this ... Jan 9, 2023 ... Like other forms of life insurance , universal life pays out a benefit when you die. But what sets universal and variable universal life ... A universal life insurance policy offers permanent life insurance with a savings element and low premiums that are similar to those of term life insurance. You ... Find an Agent ... Platinum Shield® V Universal Life Insurance from Shelter Insurance® gives you the flexibility to increase or decrease your premiums as you see ...