What is universal life insurance?
April 11, 2023 by Lisa Knueven
Universal life insurance is permanent life insurance coverage that stays in place your entire life (or as long as you pay premiums). When you die, your beneficiaries, or those you’ve chosen to receive the funds from your policy, will receive a death benefit. Click HERE to read the full story via CNBC
Wink’s Moore on the Market: Shocked to hear that Liz Knueven at CNBC would suggest that the #1 seller of participating whole life insurance is the “top pick” in an article about universal life (UL) insurance.
Are you?
Also- is it just me, or is it weird that they are focusing on the ability for UL products to allow you access to your cash values and “supplement retirement income?” Last time I checked Wink, Inc.‘s LifeSpecs tool, UL products were only crediting an average rate of 3.26%. They must be generalizing about all UL products?
And um, the beneficiaries DO “receive” the cash value in the event of death if the UL has an increasing death benefit. Geez.
SN: Why isn’t the fact that you need to carefully monitor these interest-sensitive products, annually, listed in the “Cons?” Hmmm…
There is an interesting disclosure on this piece, at the bottom:
“Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.”
Do those “third parties” include CNBC? Just bizarre.
Looks like another one of those lead generation ploys… -sjm
