Write responses to this discussion regarding "Universal life insurance".
Universal life insurance policies offer competitive investment features and the flexibility to meet changing consumer needs. With Martha wanting to keep her death benefits level she must make dollar for dollar changes in the amount of protection as the investments increases. For example, keeping a specified level of premium payments will guarantee minimum investment return and maximum mortality rates. On the other hand, harry want to increase his death benefits, but the amount of increase depends on future nonguaranteed changes in cash value. The alternative is comparable to buying a yearly, renewable level term insurance contract and creating a separate investment account. Harry will also have to show evidence of insurability. With either type, Martha and Harry may use the contract's flexibility to change the amount of protection as the needs for insurance changes in their lives. The insure can achieve these goals for Mirth and Harry by acknowledging the request for a different death benefit by sending notification of change