What Do I Need To Know About Universal Life Insurance?

Definition of "What do I need to know about Universal Life Insurance?"

Universal life insurance provides death benefits and income taxe-deferred savings to help you meet your financial goals while you are living. It has many flexible features and benefits that can change with your changing financial needs.

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Conveying of assets from the donor to the beneficiary as a means of minimizing the legal tax obligation of the estate of the donor and avoiding probate. ...