Life Insurance - The Basics                                                                                                                                         Request a Free Quote

    Whole Life, Universal Life, Variable Universal Life

    There are several types of permanent insurance. We'll list the three basic types and review the features of each.

    Whole Life: also called ordinary life, is traditional life insurance. In general, whole life offers:

  • Level premiums and death benefit.

    Universal Life: sometimes called adjustable life, offers more flexibility than traditional whole life insurance. In general, universal life
    offers:

  • Flexibility in premiums and death benefit.
  • A competitive, company-declared interest rate on the policy’s cash value, which, will never be lower than the policy’s guaranteed
    minimum interest rate.
  • Current policy charges which will never exceed the guaranteed maximum charges.

    Variable Universal Life: (VUL) combines the flexibility of universal life with the growth potential of the stock, bond and money market
    sub-accounts. Variable universal life offers:

  • Flexibility in premiums and death benefit.
  • The potential for increased growth in policy values based on performance of underlying portfolios. The death benefit and cash
    value may vary, depending upon the portfolios’ performance. The sub-account investment options are subject to market risk and
    the policy owner may experience a loss of principal or a reduced death benefit.
Life Insurance Cont'd (page 3)
Privacy Policy | Terms of Use | © 2011 ACE Benefits Group Retirement & Insurance Services. All Rights Reserved.
a Hamlett Benefits Group Company