Universal Life Insurance Policies
What does it mean when a Life Insurance Policy provides?
Universal Life Policy
This means that it has reached the point that any increase in the cash value in excess of the contractual death benefit. Its an optional plan where you can pay premiums for a shorter time period and get your money when that time comes. As envelope at the age of 65 who pays a sum of money from the 65 in one of several possible forms called an option solution. Usually, a lump sum equivalent to the cash value of the policy or periodic payments under a supplemental contract that pays interest on the undistributed amount still held by the issuing company.