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value. However, if insufficient premiums are paid, the policy may have little or no cash value and may lapse.
How Fixed Universal Life differs from other life insurance policies:
• Flexibility—you can adjust premium payments as desired.
• After a certain time period and within certain stated requirements, you can adjust the death benefit amount.
• You have the ability to make additional premium payments to enhance cash value.
• Where cash value amounts are sufficient, you may elect to withdraw money from the cash value or borrow from it. Distributions and policy loans reduce the death benefit.
Variable Universal Life Insurance
Variable universal life insurance policies typically provide the flexibility of universal life insurance with the ability to invest in the stock market through associated portfolios. As your family’s financial situation changes over time, you may want to consider a variable universal life insurance policy if you want death benefit protection with the option to invest the policy’s cash value. Such a policy allows growth potential through use of underlying portfolios. It also offers flexibil- ity to adjust premiums and amount of coverage, depending on your financial situation and needs.
How it differs from other life insurance policies:
• Provides flexibility and the opportunity to build cash value
• Allows policyholder to choose from a variety of underlying portfolios
Creating Savings Through Insurance