Here are Insurance Policies Many People Ignored Until It’s Too Late

15. Universal Life Insurance

The Universal Life Insurance is a kind of cash value life insurance. The excess of the premium payments is credited to the cash value of the insurance policy and grows through a monthly interest. Thus, this type of insurance does not only safeguards the policyholder’s family but as well as savings.

The Universal Life Insurance may be defined in different ways due to the many varieties of offers under it. Meanwhile, it is like a variable life insurance that allows the insured person to make adjustments on the premiums.