Comments on: What Two Adjustments Are Usually Made To The Cash Value Account In A Universal Life Policy?

By: tigertig

tigertig — Tue, 01 Sep 2009 03:37:07 +0000

first and third option

By: Carrie

Carrie — Tue, 01 Sep 2009 03:30:49 +0000

First, term does not have interest, it may be a rider, but it is the base policy that has the interest. Second, it depends on how the interest is credited, depending on the type of UL, index v. traditional. Some policies credit after the period goes by. If the credited interest is lower than the guarantee rate, then the guar. is credited. Hope this helps.

By: Edsmack

Edsmack — Tue, 01 Sep 2009 03:09:02 +0000

the premiums are deposited into the policy’s value. then, each month the cost of insurance and any expense fees/charges are deducted from the surrender value of the policy. at the same time, the value in the policy earns at a certain percentage rate. on fixed life products, they usually offer a guaranteed rate and a current interest rate.