If you are in need of a life insurance policy
for special needs, you should consider a flexible life insurance
policy:
- Adjustable life
- Universal life
- and variable life insurance
Flexible life insurance polices can be custom-made to your
particular insurance needs.
Adjustable life insurance polices allows
you (after initial payment), to pay premiums at any time,
in any amount you choose, subject to specified minimums
and maximums. Adjustable life insurance makes it easy to
reduce or increase the death benefit than a traditional
whole life policy.
Universal life insurance is ideal for
personal or business financial protection with access to
its cash value. You have the flexibility of changing your
premium payments and death benefit as your needs change.
Universal life insurance policies give you the flexibility
to increase or decrease your coverage as needed.
Variable life insurance policies allow
you the ability to choose among a variety of investments
offering stocks, bonds, combination accounts, or options
that guarantee principal and interest. This type of insurance
can be expensive and risky, depending on the type of investments
you choose. Death benefits and cash value will vary depending
on the performance of the investments you select. The cash
value of a variable life policy is not guaranteed so if
the market doesn't perform well, the cash value and death
benefit may decrease. |