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Post by baniyan143 on Nov 3, 2011 9:28:16 GMT -5
An attractive feature of the universal life insurance policy is the cash value that the policy holder stores up for himself. When the premium is paid, part of it is credited as cash value to the policy holder and when it isn’t, the cost of the insurance is deducted from the cash value.
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Post by mortgages143 on Nov 3, 2011 9:31:10 GMT -5
holder to build cash value on a policy. It differs from term life insurance in many ways. For one, it can build cash value that the policy holder can borrow, withdraw, or save. Another way it differs from term life insurance is by its length. While term life insurance may last 30years or so, most universal life insurance policies last as long as the policy holder pays the premium.
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