Universal life insurance
Universal life insurance
Universal life insurance is a type of permanent life insurance that combines life insurance with an investment account. The investment account has a cash value. Withdrawals, as well as loans, may be permitted. The death benefit and cash value of your investment account may increase or decrease depending on the types of investments you choose and returns on those investments.
You can also select how your premiums are invested. You can increase or decrease your premiums within the limits specified in your insurance policy.
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