What Is Universal Life Insurance
What is universal Life Insurance?
Please answer in your own words. I said I could borrow the money from him.
It is a Life Insurance Policy, where is the money you pay in, he "spent part of" earn "income." The money you borrow, is the portion paid in part for investment. We can not, for example, pay $ 1,000 to purchase a policy of $ 1,000,000, and then borrow $ 500,000. You can not borrow more than the cash value "of its policy – which is the portion of your payment that I have invested plus the interest you earn. It is a way to get an unsecured loan. Just lending their own money back.
YouTube – Should You Consider Indexed Universal Life Insurance for Retirement Savings-.wmv
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