June 13, 2008 |
Ability to Skip Some Payments Making Universal Life a Hot Item
Laura Schreier
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| Although universal life insurance market share rose 8 percent, overall individual life sales were down slightly last quarter. "People are choosing between buying a life insurance policy, and filling up their gas tank," said Craig Simms, senior vice president of marketing at VantisLife. |
By Laura Schreier
Universal life insurance is a hot item right now – probably because they often come with guarantees that let policyholders skimp on a few payments now and again, industry officials say.
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