Flexible Variable policies offer the same accumulation but are more flexible with premium charges. Any riders to be included in the policy With variable policies, the policy owner assumes the risk of the accumulating account value unlike traditional whole-life where the insurance company assumes the risk. Universal life is also tied to a separate investment account. The cash value can be used in the same ways as that of traditional whole-life. Flexible premiums may be important for those with fluctuating financial concerns.
Insurance is an important protection vehicle for a number of life's needs.
No comprehensive financial plan would be complete without including life insurance, not only as an investment and savings tool, but also purely for its protection. Take time to consider your financial plan and what types of life insurance would benefit you most. Don't be caught off guard, protect your family through life insurance. National Council on Teacher Retirment. Use with permission only.