Universal Life Insurance Scams and Complications

You don’t think about insurance until you need it. When you decide it’s time to protect loved ones you face another problem: what to choose from among the gluttony of options? So you get a call amidst your decision from someone hawking universal life insurance. Should you buy in? All prudent financial advisers unanimously say … Continue reading Universal Life Insurance Scams and Complications

The Truth About Universal Life Insurance – Comparing Investments

**Read part one of the this crucial series on Universal Life insurance by visiting the universal life scams and complications page.** Important Questions to Ask About Universal Life ‘Insurance’ If you still INSIST on looking at UL here are crucial questions you must ask: I understand that there is flexible and accelerated funding but if … Continue reading The Truth About Universal Life Insurance – Comparing Investments

What is Universal Life Insurance?

Universal life insurance combines an investment component within a life insurance policy. They are often advertised as a tax shelter or as the best way to save on taxes. Policyholders are able to choose investments in the policy. Premiums are flexible within the minimums and maximums stated in the contract. The Income Tax Act mandates … Continue reading What is Universal Life Insurance?