Know your permanent life insurance policy
While quite a few people opt for term life insurance policies because of the financial benefits it offers, there are quite a few who would still prefer to go in for permanent life insurance. In case you are one of those, you could try universal variable life as an option. Elderlawanswers.com reports:
As the name suggests, variable universal life insurance combines the flexible premiums of universal life insurance with the investment choices of variable life insurance. There is no guaranteed minimum cash value, but most policies have a minimum guaranteed death benefit provided you pay the premiums for a set number of years.
Read more:Choosing a Life Insurance Policy
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