IUL Insurance Lancaster is a type of permanent life insurance, which is a life insurance policy that puts in effect for your whole life as long as the premiums are covered, as contrasted to a term policy, which terminates the moment a set amount of time.
All fixed life insurance policies are divided into two parts, namely the death benefit that pays a lump sum to a beneficiary when the person passes away and a cash value that can expand over time. Thanks to universal policies, you can modify the death benefit within bounds set, and use profits from the cash value to pay for your premiums.
