Life ins policy

Unbundled Life Insurance Policy

What is 'Unbundled Life Insurance Policy' An unbundled life insurance policy is a type of financial protection plan that provides cash to beneficiaries upon the policyholder's death. A unbundled life insurance policy contains a savings and investment component that the policyholder can use during his or her lifetime or pass on to beneficiaries. This does not expire when the policyholder reaches a certain age; and that allows the policyholder to adjust the amount and timing of premium payments and the amount of the death benefit while the policy is in force. Unbundled life insurance is another word for universal life insurance. BREAKING DOWN 'Unbundled Life Insurance Policy' Both whole and...

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