What are the ongoing responsibilities and considerations for individuals who own a universal life insurance policy?

Mar 25, 2025 ... Indexed universal life (IUL) set a new quarterly and annual sales record. IUL new premium increased 10% to $1.15 billion in the fourth quarter. WrapPlan® II is a universal life insurance policy underwritten and issued by Transamerica Financial Life Insurance Company, Harrison, NY, and administered by ... In a whole life policy, the premiums, cash value growth, and death benefit are guaranteed not to change. With a Universal Life Insurance Policy, all those ... Universal Life insurance allows you to pay higher premium amounts when you want, so you can potentially increase your cash value. Indexed universal life (IUL) insurance provides permanent life insurance protection and access to tax-deferred cash values. This website is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. Sep 12, 2024 ... AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of ... 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 ... How does variable universal life insurance work? ... A portion of your flexible premium payment goes toward the insurance, which includes any fees and death ... The cost of insurance now is $75 per month, and the expense charges are still $4. The additional $29 needed for that month's payment is taken from the cash ...