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Pacific Life Universal

Pacific Life Universal Insurance is the newest type of permanent insurance. It continues to gain popularity amongst buyers wanting to balance capital preservation of their policy's cash value with a measure of potential growth. Universal Life Insurance is a type of permanent life insurance based on cash value. As stated in the Wikipedia, this policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value of the policy. The cash value is credited each month with interest with the policy being debited each month by the cost of insurance charge. The interested which is credited to the account is determined by the insurer. It can also be stated that universal life is somewhat similar and was developed from whole life insurance . The advantage is that it has premium flexibility and adjustable death benefits. Overall, the premiums are flexible from a minimum amount specified in the policy to the maximum amount allowed by the contract.

Pacific Life Insurance Company founded in 1868 is an insurance company specializing in life insurance products, mutual funds and annuities to businesses as well as individuals. Besides these, it also offers pension plans and a variety of investment products along side services. the organization has its headquarters in Newport Beach in California.

Pacific Life Universal Indexed Variable

The Pacific Life Universal Indexed Variable is the newest type of permanent insurance. it continues to gain in popularity amongst buyers looking to balance capital preservation of their policy's cash value with a measure of potential growth. The indexed universal life, as it is known, provides a minimum interest rate guarantees in addition to the ability to earn higher interest rates. It can be said that indexed universal life offers some of the best attributes of both universal life and variable universal life. Indexed Universal Life products vary in the way they credit interest. The main differences among life insurance carriers are a policy's growth cap and participation rates. The growth cap is the maximum interest rate that a policyholder can earn on the return of an index. It also features variable rate policy loans that can influence how well a policy compares in illustrations.

Pacific Life Universal Variable Insurance

Pacific Life Universal Variable Insurance is a type of insurance that builds cash value as per the value as per Wikipedia. The cash value can be invested in a wide variety of separate accounts similar to mutual funds. The variable component refers to the ability to invest in separate account whereas the universal component refers to the flexibility the owner has in making premium payments. Variable universal life is also a type of permanent life insurance as the death insurance will be paid if the insured dies any time as long as there is sufficient cash value to pay the cost of insurance in the policy. Unlike whole life, there is no endowment age which is another key advantage of variable universal life over whole life.

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Website: http://www.pacificlife.com/

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