Permanent Insurance Permanent Insurance Universal Life certificates are a hybrid type of certificate because they combine the low cost associated with term insurance with a cash accumulation account.
Flexibility is the number one advantage of a universal life certificate.
This feature allows a person to select his or her own payment schedule and make any changes. Single Premium insurance is a unique, one-time payment certificate that combines low cost protection with interest sensitive earnings. This plan is available to anyone between the ages of 0 and 80 and is especially designed for youngsters. Whole Life insurance is the mainstay of the insurance industry. This plan provides lifetime protection with guaranteed values and an option to elect paid-up insurance.