Gayblack Canadian Man

Foreign Policy Analysis
Universal Life: Your Policy May Be Evaporating | Texas Department of Insurance

Universal Life: Your Policy May Be Evaporating | Texas Department of Insurance


Buying life insurance is not a decision you
can just make and forget about. Especially if you have a universal life policy. You may need to adjust the amount of money
you pay from time to time. Imagine the money you put into the policy
goes into a bucket. That money may grow with interest or investment
choices. But at the same time, the insurance
company is taking money out to cover the cost of the insurance and fees. During a time of low interest rates and returns,
your bucket of money can get low or even run out. If that happens, your policy can lapse and
lose its value. Ask your insurance agent how long your policy
will last if you continue paying at the same rate. You may need to increase your payments, lower
your coverage, or consider other options.

Leave a Reply

Your email address will not be published. Required fields are marked *