Universal Life Insurance

Universal Life Insurance

Universal Life Insurance examines the key features of the universal life insurance product, including its flexible premiums, adjustable coverage, expense and mortality charges and death benefit options.

Upon completion of the course, the student should be able to:

  • Describe the flexibility of universal life insurance premiums and the adjustability of its death benefit;
  • Compare and contrast universal life death benefit Option A and Option B;
  • Explain universal life expense and mortality charges;
  • Recognize the role of universal life guaranteed, current and assumed interest rates;
  • Calculate universal life coverage, net amount at risk, cash value and mortality charges;
  • Discuss universal life transactions, premiums, surrenders, loans and withdrawals;
  • Describe how VUL cash values are determined; and
  • Explain universal life taxation.

Click here to download printable version!