By [http://ezinearticles.com/?expert=Elizabeth_Newberry]Elizabeth Newberry
Choosing a life insurance policy isn’t an easy task. There are several policies to choose from, each with elements that we want and need. The two most popular kinds of life insurance policies are term life insurance policies and whole life insurance policies.
If a term life insurance policy and a whole life insurance policy got married and had a child, the child would be a universal life insurance policy. Universal life insurance policies are a mix of term life insurance policies and whole life insurance policies. Just like all children do, universal life insurance policies have a few positive features and a few negative features of each parent, i.e., the term life insurance policy and the whole life insurance policy.
Like a whole life insurance policy, a universal life insurance policy offers an
investment component; however, universal life insurance policies are generally
less expensive than whole life insurance policies. This is a good thing for
those of us who want the cash value accruement of a whole life policy but can
not afford to purchase one. It should be noted, however, that earning a cash
value isn’t guaranteed. Coverage can even end if your account gets low enough.
Like a term life insurance policy, a universal life insurance policy is usually
not as expensive as a whole life insurance policy. However, even though an accumulation of cash value isn’t guaranteed with a universal life insurance
policy, it is possible; it is not possible with a term life insurance policy.
If certain aspects of both a term life insurance policy and a whole life
insurance policy appeal to you, consider purchasing a universal life insurance
policy. Don’t purchase any life insurance policy, including a universal life
insurance policy, without first speaking with an agent of the life insurance
company. Your universal life insurance agent will be able to construct the life insurance policy that meets both your wants and needs.
Visit our website to [http://www.myquoteguide.com/Student-Health.shtml]
get a cheap student health insurance quote, get [http://www.ezquoteguide.com/home]home insurance St. Louis, or
get [http://www.ezquoteguide.com/car]Georgia car insurance.
Article Source: http://EzineArticles.com/?expert=Elizabeth_Newberry http://EzineArticles.com/?Universal-Life-Insurance-Policy---A-Different-Choice&id=229082
