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Universal life insurance

Universal life insurance, also known as "universal insurance", is a type of life insurance that combines insurance protection and asset management functions.

The insurance protection function of universal life insurance refers to the death benefit paid to the beneficiary when the insured person dies within the policy term. If the insured person is still alive at the end of the policy term, the beneficiary will receive a survival benefit.

The asset management function of universal life insurance mainly refers to the fact that the insured person deposits funds into a separate account within the policy. The insurance company will provide the insured person with returns based on the agreed-upon minimum guaranteed return rate and variable return rate.
key points

Universal life insurance may appear together with some savings insurance products, such as annuity insurance. Therefore, universal life insurance also has a long process of investment and waiting for returns, which requires a certain level of patience and stable financial planning. If you wish to withdraw funds in the short term, there may be significant losses.

If you would like to learn more, please feel free to consult with our insurance advisors.

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