Universal Life

[Cobra!]

Well, term life insurance doesn't cover non-premature death. But that's the point, because we're all going to die eventually.

I haven't encountered any life insurance insurance policies that don't exclude suicides and some other standard, "exotic" causes of death. Also, if your named beneficiary murders you, life insurance will still pay out but not to your named beneficiary.

Life insurance does cover reincarnation, because the life insurance company never finds out about that.

Death is death no? Why wouldn't it not cover non premature death? Ie old age

 

[moejoseph]

All the accounts same person. Ownself replying ownself. Policypal is just a leads generation platform for their partner advisers when my friends tell me.

Yes have been approached by Policypal also, but the fees to get their leads are not ideal. Somemore, we have to fulfil a certain amount of case closure each month, as well as to input our own leads into their system, otherwise we will not be able to stay on the "partnership". The leads given by them, may not convert into a successful closure as well.

To me, the advisors are at the losing end Unless one is really desperate, the partnership will not benefit the advisors much in the long term at all.

 

[amazingneil]

Does the thought of being... worth more dead than alive scares anyone?

nah not really

 

[supersnail0]

Hi guys. my banker proposed universal life and i just wanna check with the general public on your view in this kind of plan.

the cash layout is abit high but the benefit seems sick. covers any form of death.

let me know if you actually brought one too.

Personally, I think Universal Life Insurance is pretty worthwhile since it offers both a cash value component PLUS death benefits.

In addition, as compared to term and whole life insurance, Universal Life Insurance offers the flexibility in partial withdrawal, the ability to pass the policy to the next generation, and it is also highly customizable, to suit one's personal needs and preferences!