What is the difference between whole and universal life insurance?

What is the difference between whole and universal life insurance?
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1 Answer

Answer :

Whole life insurance is less flexible then universal life insurance when it comes to premiums and payouts.
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Related questions

Are universal life insurance policies active until death?

Description : Are universal life insurance policies active until death?

Last Answer : Feel Free to Answer

Where can I get multiple quotes on variable universal life insurance on the internet?

Description : Where can I get multiple quotes on variable universal life insurance on the internet?

Last Answer : If you want to compare multiple quotes you should check out Matrix Direct. Shopping for life insurance can be tough.

What are the premiums for variable universal life insurance?

Description : What are the premiums for variable universal life insurance?

Last Answer : The premiums will vary depending on your age and other factors. I would speak with an insurance professional.

What are some highly rated insurance companies that offer variable universal life insurance policies?

Description : What are some highly rated insurance companies that offer variable universal life insurance policies?

Last Answer : Variable life insurance is a smart investment for you and your family. Two of the more reputable providers for this type of insurance are Metlife and Nationwide.

What is the difference between term life insurance and whole life insurance?

Description : What is the difference between term life insurance and whole life insurance?

Last Answer : Whole life insurance delivers coverage for the lifetime of the policy holder. It guarantees a fixed premium which can build cash value (which usually cannot be withdrawn without cashing the policy out). ... end of the term policy the holder must either sign up for another term or forfeit coverage.

With regard to blood groups and blood products: a. the ABO system is inherited in an autosomal dominant pattern b. group O and Rhesus positive is the universal donors' blood. c. stored whole blood contains dextrose, phosphate and citrate d. stored blood becomes progressively more acidotic and hyperkalaemic with time

Description : With regard to blood groups and blood products: a. the ABO system is inherited in an autosomal dominant pattern b. group O and Rhesus positive is the universal donors' blood. ... dextrose, phosphate and citrate d. stored blood becomes progressively more acidotic and hyperkalaemic with time

Last Answer : stored blood becomes progressively more acidotic and hyperkalaemic with time

I know many people on fluther are in favor of universal healthcare, but are you also in favor of requiring an employer to provide health insurance?

Description : I know many people on fluther are in favor of universal healthcare, but are you also in favor of requiring an employer to provide health insurance?

Last Answer : answer:I am in favor of the State providing universal health care, but the insurance companies successfully bought their way out of the competition. That's why the US will remain way down the list of ... mortality. It's a crime and a shame. but $ millions will buy you a compliant govenrment.

Which Of The following Is A Disadvantage Of Teaching Machine? Options: A) The Insurance Of Attention B) Their Universal Use For Different Kinds Of Programmes C) The Tracking Of Errors D) All Of These

Description : Which Of The following Is A Disadvantage Of Teaching Machine? Options: A) The Insurance Of Attention B) Their Universal Use For Different Kinds Of Programmes C) The Tracking Of Errors D) All Of These

Last Answer : A) The Insurance Of Attention 

Should I convert some of my term life insurance to whole life?

Description : Should I convert some of my term life insurance to whole life?

Last Answer : answer:There's insurance and then there's savings. And with whole life, you get two instruments in one. There are reasons to do whole life, but I'm not sure what they are. The reason for life insurance is ... can eat up an awful lot of time without that much benefit, so I don't do it much any more.

What are the disadvantages of a Modified whole life insurance policy?

Description : What are the disadvantages of a Modified whole life insurance policy?

Last Answer : A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.

What is interest sensitive whole life insurance?

Description : What is interest sensitive whole life insurance?

Last Answer : It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.

What is modified whole life insurance and how is it different from regular life insurance?

Description : What is modified whole life insurance and how is it different from regular life insurance?

Last Answer : Modified whole life is a whole life policy that charges smaller premiums for a specified period of time after which the premiums increase for the remainder of the policy. Whole life often can change unrpedicatably due to inflation.