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Universal Life Insurance Scramble

Unscramble Letters

Played 7

About this activity

Unscramble key UL terms to explore flexible life coverage.

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Philippines

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Universal Life Insurance Scramble
 

Unscramble Letters

Universal Life Insurance ScrambleOnline version

Unscramble key UL terms to explore flexible life coverage.

by Louise
1

A lifetime coverage product with flexible contributions, death benefit choices, and tax-advantaged cash value growth.

     
  
  
2

A charge reflecting mortality risk that reduces the policy's cash value over time.

     
  
  
3

Funds allocated to support the policy's cash value growth within IRS guidelines.

  
  
4

Fees tied to administration and policy maintenance that impact cash value and premiums.

5

Ability to adjust when and how much money is paid into the policy to meet goals.

  
  
6

The smallest payment that covers essential costs and provides a tiny addition to the cash value.

  
  
7

A planned level designed to sustain cash value growth and cover ongoing costs for several years.

  
  
8

The top allowable amount that keeps the contract classified as life insurance while maximizing cash value.

  
  
9

Policyholder can halt payments, drawing from the cash value until it depletes with ongoing earnings.

  
  
10

A tax-advantaged accumulation that earns interest and can fund future policy needs.

  
  
11

Choice of how much the beneficiary receives, varying from core face value to including cash value.

     
  
  
12

Beneficiary receives the current base amount minus any outstanding loans and fees.

        
  
     
13

Beneficiary receives the base amount plus the policy's cash value at death, subject to deductions.

        
     
  
14

The amount at risk can be increased or decreased after a waiting period, with adjustments to costs.

     
  
  
15

Health or risk information required to approve changes that raise the face amount.

     
  
  
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