the plan type is tax shelter annuity, the product type is universal annuity.
2006-10-10 12:03:32 · 1 answers · asked by david g 1 in Business & Finance ➔ Investing
With Universal "Life Insurance," the policy owner is allowed to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. In addition, unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums.
I couldn't find "Universal annuity," and I'm not sure if these things apply or not.
2006-10-10 14:39:53 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
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2006-10-10 17:01:48 · answer #2 · answered by stock.trade 1 · 0⤊ 0⤋