Your need for life insurance will last for 20 years.You also wish to save some money over that same time period.What kind of life insurance would fill this requirement?

Question

Quizplus · Accepted Answer

Universal life insurance provides coverage for the entire life as long as the premiums are paid. It also offers a savings component, where a portion of the premium is invested, and the cash value grows over time. This option allows for flexibility in premium payments and the ability to adjust the death benefit as needed. As the need for life insurance lasts for 20 years, universal life insurance can help cover that need and also provide a savings component over the same period.

Your Need for Life Insurance Will Last for 20 Years