Are you looking for a life insurance policy that offers more flexibility in terms of cost and coverage? Opt for Universal life insurance that combines a term life insurance policy with a tax-deferred interest. This insurance policy is the right kind of policy for people who feel they need life insurance into their 70's. A great benefit of this policy is accumulating a tax-deferred savings. What's more! You may not have to pay premiums during the entire policy. If you think that a universal life insurance policy is right for you then you need to keep few points in your mind. Firstly, ensure that you plan to have the policy long term as you will need to have the policy in force at least 15 years to be eligible for any return of the policy. Secondly, arrange for an insurance agent who has good knowledge to guide you.
