Questions tagged [universal-life]

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9
votes
2answers
359 views

Universal Term Life Insurance instead of Term Life Insurance?

Apparently Genworth has replaced their vanilla term life with a universal life policy ("Colony(sm)"). The agent says the other carriers are heading in this direction too. The premiums are equivalent ...
20
votes
5answers
2k views

Why should I invest my money in a life insurance policy?

As i am 24 now i get lot of calls from lot of insurance companies asking to take up an insurance policy.... So i decided to get answers for some of my questions in basicallymoney... Why should i ...
16
votes
5answers
755 views

What kind of life insurance is cheaper? I'm not sure about term vs. whole vs. universal, etc

What kind of life insurance policies are the cheapest? what are the features of different kinds of policies out there? What should I be looking for?