At a first glance, universal life insurance might seem like the perfect option to give yourself and your loved ones peace-of-mind. But, as Financial Planner Bill Kelso explores in a recent guest article for the Sedona Red Rock News, this type of insurance comes with a few important caveats to consider.
This informative piece, “How To Know if Universal Life Insurance Fits Your Finances and Long-Term Goals,” includes Bill’s expert break-down of the three types of universal life insurance – universal life, indexed universal life and variable universal life. He then highlights the similarities and differences of each, as well as some common obstacles that policyholders might encounter.
Bill concludes that while universal life insurance may fit some individual circumstances well, it’s not appropriate for everyone.