The moment after your first payment, you'll pay more, less or perhaps skip payments that support your current financial situation. The amount of flexibility, however, is also based on your cash value amount, current charge per unit and if you've got any loans or withdrawals. Usually, you'll boost your premiums up to certain IRS tips or lessen it within specified minimum premium confines.
Thanks to a standard whole life policy, your benefit will stay the same as long as you do default with a loan. With universal life, you'll be able to lessen and improve the benefit within specified plan limits; But, you'll be probe to underwrite for a lot of increases or minimums and charges for decreases. Worry not, because our experts at IUL Insurance Columbia will help you.
