Which type of life insurance offers flexible premium a flexible death benefit?

A universal life policy is another form of permanent insurance that offers the cash value and lifetime coverage benefits of whole life. But there's a fundamental difference compared to whole life: the premiums are flexible.

Which type of life insurance offers flexible premiums a flexible death benefit and the choice of how the cash value?

Universal life, a form of permanent life insurance provides policyholders with flexibility on paying premiums, a cash savings component, and a death benefit.

Which type of life insurance policy offers a flexible premium quizlet?

A Variable Universal Life policy offers the policyowner flexible premium payments.

What is the most flexible type of life insurance?

Universal life insurance — sometimes called "adjustable life insurance" — is one of the most flexible types of permanent life insurance. However, it's also riskier and more complex than whole life. This type of coverage provides a death benefit plus a cash value component or savings.

What life insurance has flexible premium?

Universal life insurance (UL), gives consumers flexibility in the premium payments, death benefits, and the savings element of their policies.

What type of life insurance has a death benefit?

Level term life insurance offers a death benefit that stays the same throughout the policy. Decreasing term life insurance reduces potential death benefits over the policy's term, usually in one-year increments.

What is a flexible death benefit?

Universal life insurance is also called adjustable life insurance because of the flexibility it offers. You have the liberty to reduce or increase your death benefit and pay your premiums at any time in any amount (subject to certain limits) once there is money in the account.

Which of the following types of policy allows for a flexible premium?

  • Life insurance policies have two main categories: term and permanent.
  • Whole life insurance policies have a fixed premium, meaning you need to pay the same amount each year. …
  • Universal life insurance policies have flexible premiums.

Which type of life insurance offers flexible premiums a flexible death benefit and the choice?

Variable universal life insurance products feature the same investment opportunity with some extra features. These whole-life policies allow you to invest the cash value and provide flexible premiums and a flexible death benefit.

Which type of life insurance allows for flexible premium payments?

Universal life insurance policies have flexible premiums. You can change how much you pay each year; though you need to pay a minimum amount or the policy will lapse. Your earnings in a universal life policy can vary based on the specifics of your policy and the interest rates that are credited.

What is the most flexible type of life insurance?

Universal life insurance — sometimes called "adjustable life insurance" — is one of the most flexible types of permanent life insurance. However, it's also riskier and more complex than whole life. This type of coverage provides a death benefit plus a cash value component or savings.

What is a flexible premium life insurance policy?

Flexible premium adjustable life insurance is a type of life insurance that allows policyholders to make adjustments to their premiums, death benefits, and other features of their policy.

Which type of life insurance offers flexible premium?

Universal life insurance (UL), gives consumers flexibility in the premium payments, death benefits, and the savings element of their policies.

What is the most flexible type of life insurance?

Universal life insurance — sometimes called "adjustable life insurance" — is one of the most flexible types of permanent life insurance. However, it's also riskier and more complex than whole life. This type of coverage provides a death benefit plus a cash value component or savings.

Which type of policy allows for flexible premiums and an adjustable death benefit?

Adjustable life insurance offers flexible cash value and premiums. Adjustable life insurance has a cash value component separate from the death benefit.

Which type of policy allows for flexible premiums and an adjustable death benefit while allowing the policy owner to choose the investments of the cash values?

So, VUL

VUL
So if you need a permanent life insurance policy that lets you make your own investment choices within your policy, consider variable universal life insurance (VUL). VUL has flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits.
https://www.massmutual.com › life-insurance › variable-life

allows a policyowner to choose the amount and the frequency of their premium payments, within certain limits, while also providing access to different investment options. That gives a policyowner the opportunity to coordinate the cost of their insurance with the returns in their cash value account.

Which type of life insurance policy offers the most flexibility?

This type of policy offers you more flexibility than whole life insurance. You may be able to increase the death benefit, if you pass a medical examination. The savings vehicle (called a cash value account) generally earns a money market rate of interest.

What type of life insurance incorporates flexible?

This type of policy offers you more flexibility than whole life insurance. You may be able to increase the death benefit, if you pass a medical examination. The savings vehicle (called a cash value account) generally earns a money market rate of interest.

Which is more flexible whole or universal life insurance?

You can adjust your policy, and even your premiums (within limits), as your life changes. Without adequately funding it, your policy can potentially end since the death benefit is not guaranteed, but universal life often gives you the most long-term protection for your dollar.

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