I promise this is not a repeat post. This post delves deeper in Universal Life. I really like this article because it compares Universal Life to the other insurance options. It also lists policy riders such accelerated death benefit (this benefit is a big deal!) Just like there are many different insurance options there are also many different companies to use. My goal is to find the right plan & company that works best for your needs.Read more
As you start to explore policies types, you see/hear the word "rider" often. A rider basically means extra coverage not covered in your policy. If you think about your car insurance, Roadside Assistance is an example of a rider. It's an "extra" benefit you are willing to pay for that is not covered in your policy.
In life insurance common riders are living benefit, accidental death, long term care, critical care, & waiver of premium for disability to name a few. Everyone has different...Read more