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MISCONCEPTIONS

IMPORTANT DOCUMENTS

SOURCE OF SAVINGS

INSURANCE

HEALTH INSURANCE

LIFE INSURANCE

TERM INSURANCE

UNIVERSAL LIFE INSURANCE

WHOLE LIFE

VARIABLE LIFE

LONG TERM CARE INSURANCE

COBRA

DISABILITY INSURANCE

SUPPLEMENTAL INSURANCE

LOAN OPTIONS

CONCLUSION

VARIABLE LIFE

  Variable Life Insurance is a form of Whole Life, just like Universal Life. In a Variable Life policy a portion of your premium goes to the Term Life part of the policy, part to the administrative expenses and a portion to the investment or cash value.

The major difference between Variable Life Insurance and the others is the policyholder determines the investment vehicle such as: stocks, bonds, or mutual funds.

Before signing up and paying the premiums on such a policy, you may want to find out the following.

  • Is the policy guaranteed portable? (can take it with you when you leave the employment)
  • Is it guaranteed renewable?

 

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Uatpat.org - The Utah Assistive Technology Program is designed to help you know what assistive technology is available, how to get funding for assistive technology, and to provide you with links and resources.