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| Which
is a better buy: universal life (UL) or participating whole life (WL) insurance? | | There’s
no simple answer to this. The best performing product
(from a financial perspective),
whether UL, WL or some other type of cash value life
insurance, will likely be the one that reveals
the most favorable interest earnings, actual expenses
and mortality costs. Insurers earning the
highest investment income, and who also incur the lowest
expenses and the lowest mortality costs,
are in the best position to offer life insurance at
the lowest cost. This is true whether the cash
value product being offered is UL or WL. You and your
adviser should carefully examine the financial
aspects of each product under
consideration. |
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