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What is interest-sensitive life insurance?
Interest-sensitive life insurance is a type of whole life insurance where the cash value can increase beyond the stated guarantee if economic conditions warrant. This is also called current assumption whole life insurance.
What exactly is universal life insurance?
It is a cashed based, permanent life insurance. You earn interest based on stocks or bonds. There is a savings element involved with universal life insurance. It is more flexible than standard life insurance.
What is the difference of universal life and variable universal life?
UL policies apply a stipulated interest rate to the cash value, where VUL policies have a selection of mutual funds to choose from which can go up or down with the stock market.
What is interest sensitive whole life insurance?
It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.
What is Definition of flexible premium life insurance?
should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over
What is the primary difference between universal life and variable universal life?
The primary difference is how the cash value is invested. Variable universal life means it is invested in stocks and mutual funds and a "fixed" universal life is usually dependent on interest rates. Both carry high risk, but a fixed universal life policy gives you a guarantee that it will not go below a certain interest rate, while variable universal policies usually do not.
What is life orientation?
Rising in Consciousness is the main interest of life. Like a universal consciousness.
What is interest-sensitive life insurance?
Interest-sensitive life insurance is a type of whole life insurance where the cash value can increase beyond the stated guarantee if economic conditions warrant. This is also called current assumption whole life insurance.
What is unique about interest sensitive whole life insurance?
Unlike most insurance policies that have a fixed value, the value of interest sensitive whole life insurance increases at a rate indexed to some value, such as Treasury Bills.
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
What does it cost to borrow from a variable universal life insurance policy?
the interest rate is stipulated in writing in the life insurance policy
What exactly is universal life insurance?
It is a cashed based, permanent life insurance. You earn interest based on stocks or bonds. There is a savings element involved with universal life insurance. It is more flexible than standard life insurance.
What is the difference of universal life and variable universal life?
UL policies apply a stipulated interest rate to the cash value, where VUL policies have a selection of mutual funds to choose from which can go up or down with the stock market.
What is the difference between variable life insurance and universal life?
Nothing is the difference. Universal Life can be fixed or variable. Variable simply means that the cash value is invested in stocks or mutual funds to create a fast (sometimes slower) cash value. With a fixed Universal Life product, the cash value can be linked to an interest rate or an Index.
Is universal life also called universal life one?
Universal Life is called only Universal Life! Universal Life 1 may just be a name given by the marketing department at an insurance company. mcdlife.com
What is interest sensitive whole life insurance?
It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.
Does State Farm offer interest sensitive whole life insurance?
It does not seem they offer it. You may find this useful though www.annuity.com/typesoflifeinsurance.cfm
