Joint Universal Life Insurance......

Joint Universal Life Insurance......

Joint Universal Life Insurance covers two people. The death benefit is paid upon the first death of the insureds . Joint Universal Life offers an cost-effective way of provided that permanent treatment for two persons under one policy.

Features...

Typically less expensive than two individual Whole Life or Universal Life Insurance policies.
Flexibility — You decide the amount of life insurance and premium payments subject to policy minimums.
1.Can raise or lower the coverage — and premiums — to fit the need.
2.Death Benefit payable upon first death.
3.Life insurance proceeds are usually income tax free to the recipient.
4.Option to purchase another policy for the current insure.
5.Builds an account value, which grows income tax deferred under current federal income tax law.
6.Ability to withdraw cash (or take loans) from your account when you need it to help with education expenses . Make available a retirement complement, or other personal objectives.2
include a broad range of riders and features to adapt reporting.