Universal Life Insurance

This type of coverage is like whole life insurance, but allows greater flexibility in that you can adjust premiums and the death benefit. Premiums will be adjusted accordingly.

Further, this type of life insurance is more complex than whole life, and the cash value accrual is based on the insurer’s investment strategy.

These policies are a good choice if you want coverage for life without premiums for life.

Use: Pension Maximization and Tax advantagedd retirement income