Universal Life Insurance Products Explained | Indexed Universal Life | Variable Universal Life
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Beschreibung
Universal Life Insurance Products Explained provides an overview of the different types of universal life insurance products available in the market. The video covers how these products work, their characteristics, and who they are suitable for. It also explains the savings component and interest crediting rate in universal life policies. The video highlights the flexibility in premiums, upfront sales and administrative costs, and the guaranteed minimum interest rate. Additionally, it discusses policy loans and withdrawals, and how they accrue interest and reduce the death benefit. Overall, the video provides a comprehensive understanding of universal life insurance products.