Which of these riders will pay a death benefit?
Which of these riders will pay a death benefit?
Which of these riders will pay a death benefit if the insured’s spouse dies? A Family Term Insurance rider provides a death benefit if the spouse of the insured dies.
What happens when a universal life insurance policy matures?
When a policy reaches its maturity date, you generally receive payment and coverage ends. Depending on the policy, the payment might be the death benefit or a specified dollar amount, but it’s usually equal to the policy’s cash value. Dec 7, 2021
Does universal life have a guaranteed death benefit?
Guaranteed universal life insurance shares features of both permanent and term life insurance. Policies provide lifelong coverage and a guaranteed death benefit at a price that’s more affordable than other permanent life options. However, cash value accumulation is minimal.
