Jayman, I appreciate your support! Due to being waaaay too busy I've shamefully neglected the website and this forum. Usually I just delete this stuff, but since you've put a nice rejoinder, I think I'll let it stand.
May 31, 2013 - 1:00AM
Re: Universal Life Insurance
Life insurance (or commonly Life assurance, especially in the Commonwealth) is a contract between an insured (insurance policy holder) and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the benefits.Universal life insurance can help meet the needs of those who desire long-term death benefit protection—often with flexible premiums.