Thursday, March 31, 2011

What is Universal Life Insurance?

A Universal life insurance policy is designed to provide for a lifetime of insurance protection and well being.
This type of insurance policy is one form of permanent life insurance. With a permanent life policy, the insurance is designed to last as long as you pay the premiums. Whole life insurance guarantees this as a lifetime protection. Universal life does not have these assurances, but there are now universal insurance policies where you can add a feature that guarantees that the insurance will last the rest of your life.

When shopping for life insurance rates, it is always important to do your research. You can talk to an agent or you can read through information on the internet. You can find some great information from Life Happens and from many of the state insurance agencies such as the Life Series from the state of California.