Home  >>  Financial Planning  >>  Individual Planning  >>  Financial Planning D...  >>  Tools to achieve you...  >>  Tax Sheltered Annuit...  >>  Definitions  >>  Universal

Universal

Universal Life Premiums and death benefit are flexible. The monthly cost of insurance and administrative charges are deducted, the balance of the premium going to cash values. The need? Similar to Permanent above. Cash values can increase based on current interest rates.