Universal Life Insurance Policy at Life

Universal Life Insurance Policy. Universal life insurance is a type of permanent life insurance, which covers you until death, just like a whole life policy. A transelite ® universal life insurance policy through transamerica life insurance company has the flexibility to adjust to your changing needs.

When the surrender period ends, usually after seven to 10 years, there is no surrender charge. Universal life insurance policy is a type of permanent life insurance policy that offers more flexibility than whole life coverage. Having flexibility in terms of paying for premiums, as well as different choices to how the cash value of the policy is invested, universal life insurance policies can be a good choice for many.

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It’s called universal because it’s meant to be a product for. It also has a cash value that you can access as a loan while you're living. Universal life insurance policy 👪 oct 2021. A universal life insurance plan offers people lifelong coverage, as well as flexibility, which are benefits that not all life insurance policies offer.