Universal Life Insurance

Universal Life Insurance

http://insureme.us/universal-life-insurance/

Universal life insurance allows you to control where you invest your money among several choices provided by the insurance company. Generally, these options would include guaranteed term deposits, investment funds (similar to mutual funds) and savings accounts.

The cash value is also usually used to pay your premiums in the event that you can’t. Until you start paying your premiums again, or until all the savings are used up, they will keep taking out money out from your cash value. Bear in mind that your policy will be cancelled when your savings are all used up.