Awesome 10 What Happens When You Die To Your Universal Life Insurance Plan
Images. The main purpose of life insurance is to provide for your dependents if you die unexpectedly. Term life is a cheaper plan, so that means you can withdraw money from the policy.
Universal life insurance is also called adjustable life insurance because of the flexibility it offers.
Term life is a cheaper plan, so that means you can withdraw money from the policy. Learn how iul works and its pros and cons. I'm sure the clients didn't want to pursue that route when they bought into the vul policies. If one member of the group dies, the others can still use the points that person earned, so an account holder could set this to people unfamiliar with credit card rewards, the idea of including points in your estate planning probably seems ridiculous.
