July 26, 2017
Henry Benjamin
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Beware of Universal Life Insurance!
Life Policyholders Unaware of Impending Lapse
Universal life policies became popular in the over 44-age group because investment returns paid to the policy account, could be applied to help pay the premiums instead of accumulating cash value. The policyholder knowingly sacrificed the savings component of the policy to instead make the premium payments a¦ordable and level, and still have the policy face amount remain constant.