Guide to Universal Life Insurance: Benefits, Drawbacks and Costs
https://smartasset.com/insurance/what-is-universal-life-insurance
WebJul 28, 2023 · Universal life insurance is a type of that offers both a death benefit and a cash value component – the latter of which can grow over time. Unlike , which covers a specific period, universal life insurance provides lifelong coverage, as long as premiums are paid. Here’s a closer look at the different components of a universal life insurance …
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