Universal life insurance

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Universal life insurance

Universal life insurance is an insurance contract that remains in force for the insured's lifetime, pays a benefit to designated beneficiaries upon the insured's death, and builds a cash value over time. A portion of the premium goes towards the death payment, and a portion is directed into yield-generating investments. The insured has the ability to transfer funds between the two parts of the policy, such as using investment earnings to pay premiums.

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30 yr fixed 4.83
15 yr fixed 4.39
5/1 ARM 3.69

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