Lesson 1, Topic 5
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Universal Life Insurance
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A Universal Life policy is a type of permanent life insurance with a cash value component that earns interest. It offers flexibility with premium payments, the death benefit amount, and the savings/investment portion of the policy. If they pay the first premium payment, the policyholder can change the amount and frequency of premiums payments. With universal life policies, clients can build investment savings and have a life insurance policy at the same time.
Learn how universal life is distinct from other policies and what you must understand when presenting this product to your clients.