If a policyholder with a universal life insurance policy skips a payment,then the policy

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Universal life insurance policies typically have a savings component which can be used to pay premiums if the policyholder does not make a payment. This is called the policy's cash value. Skipping a payment would cause the insurer to deduct the premium amount from the policy's available cash value. However, this could ultimately impact the policy's coverage if the cash value is depleted. Therefore, it is important for policyholders to understand the terms of their specific policy and to make payments on time to ensure adequate coverage.

If a Policyholder with a Universal Life Insurance Policy Skips