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The Hunt Agency, Inc. Products
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Universal Live Insurance
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| This option
offers greater flexibility than whole or term life. After your initial
payment, you can reduce or increase the amount of your death benefit
(although to increase the amount, you'll probably have to give the
insurance company medical proof that you are still in good health). Also,
after your initial payment, you can pay premiums any time, in almost any
amount within the policy's required minimums and maximums.
You will need to actively manage these policies to maintain sufficient funding, especially because the insurance company can increase charges (like mortality and expenses). In addition, part of your premium is invested by your insurance company, so you'll need to be careful when choosing a company.
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