Due to the flexibility universal life offers, premiums are not usually guaranteed. Variable Life - Variable life is usually a type of universal life but a portion of the premiums is allocated to investment subaccounts. Variable life insurance is investment-driven life insurance offering the potential for market returns inside a life insurance contract. You should read the prospectus carefully before investing or sending money. Long Term Care Insurance - LTC insurance provides protection against the cost of nursing home care.
Most policies also provide benefits for at-home care services as well as assisted living facilities.
It is designed to replace earnings lost to disability for a stated period of time, such as 5 years or to age 65.