Universal life insurance is a form of permanent insurance, meaning coverage can last for your lifetime so long as premiums are paid. This is in contrast to term life insurance which only provides coverage for a set period of time, such as 10 or 20 years. Universal life insurance can be purchased by individuals but is also regularly offered by employers as group universal life insurance. The premiums tend to be lower that Whole Life, but a little higher than Term Life.
The wonderful thing about National Life Group when it comes to offering Universal life is how valuable the policies end up being over time. Click on the link below to learn more.
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