Retirement Disaster Looms For Universal Life Policyholders

universal life insuranceLooking for life insurance news I have found a very interesting article about universal life insurance that reveals some disturbing situation.

The article by John E. Girouard, is tittled “Retirement disaster looms for universal life policyholders” and I want to share to you so you´ll be informed.

The insurance industry has a dirty little secret that threatens the retirement plans of millions of unsuspecting families.

The problem is buried in the fine print of universal life insurance policies, widely promoted since the 1980s as a new and improved version of the old-fashioned whole life insurance product our grandparents relied on as the surest way to save for retirement.

Permanent Universal Life insurance policy

universal life insuranceHave you ever heard about universal life insurance policy?  Here you are going to find a brief explanation of this particular insurance plan.

Whole Life lacks flexibility-that’s a pretty popular reality.  For example, there are some disturbing ԛuestions (for some individuals) concerning Whole Life

What if the insured cannot manage to pay a costs?  What if the insured wants to decrease the death benefit as a result of a life modification that does not require that level of coverage anymore?  Universal life insurance alleviates those problems.

One more problem with entire life is that the internal functions of the policy are not reԛuired to be clear to the owner. He can not read the entire procedure of his Whole Life’s day-to-day’s plan.

Life Insurance And The Benefits That It Can Provide You

benefits of life insuranceWant to protect yourself and your love ones in times that unfortunate events happen? If you do then it would be great if you get a life insurance.

You might be wondering what this thing can do for you. It can actually give you several different benefits and you better continue reading for you to find out what you get if you acquire one for yourself.

Let’s first have a glimpse of the benefits that you can get from medical expenses coverage. If you buy the premium with the coverage that includes medical expenses coverage then you won’t have to be too much concerned about your bills if you get sick.

You need not worry too much if you encounter accidents and get hospitalized. The insurer will cover the financial needs and all you have to do is pay for the premium you purchased monthly or quarterly.