What is Universal Life Insurance?
Universal Life Insurance is an interest-rate-sensitive policy that is a unique combination of insurance and investment. It is a combination of insurance and investment vehicle, which allows the insured to establish life insurance without sacrificing the opportunity to invest available capital in a variety of securities. As a highly flexible product, a UL policy offers investments that can be changed to address economic and business activity. Deposit amounts can be changed, the face amount of insurance can be changed, and the insured can be altered as well. There is a choice of death benefits that are available only with UL policies.