Skip to main content

What is universal life insurance?

By June 28, 2018Uncategorized

Universal life insurance is a unique product in that it is actually two different products packaged together.

The first product is a one year annual renewable term life policy at the face amount listed on the policy.

The second product is a cash value account that grow at either a guaranteed interest rate or the current rate whatever is higher.

Universal life insurance has some advantages such as the ability to cash out at any time and the ability to change amount of premium payments.

Watch this video “What is universal life insurance?” for more details:

Welcome to The Murray Group Solution Center

This is video #2 of a one hundred insurance video series that The Murray Group is producing to provide NY insurance consumers with quick, valuable answers to their everyday insurance questions.

If you have additional questions regarding universal life insurance or if you would like to discuss and receive a quote for your ny life insurance needs use the link below:

Contact Murray Group Insurance Expert

If you prefer to call our office number is – (518) 456-6688

You can also connect with The Murray Group further on The Murray Group Facebook Page.

The Murray Group is a premier NY life insurance provider that views every client, both personal lines and commercial lines as a true partner.

Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.