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in universal insurance, most insurers charge less than the maximum rate on the table, but the insurer has the right to increase the current mortality charge up to the |
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maximum guaranteed rate stated in the policy |
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in universal policies, insurers typically deduct 5 to 10% of each premium for |
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in universal policies, there is also a monthly fee for |
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in universal policies, there is a relatively high surrender charge that applies if the policy is terminated during the |
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declines annually and disappears after a period of time |
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surrender charges in universal policies |
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as a result of relatively high surrender charges in universal policies, the policy owner can lose a substantial amt of money if the policy is |
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surrendered during the early years |
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there is a charge for each partial cash withdrawal in what type of policy? |
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in universal policies, interest earnings credited to the cash-value account depend on the |
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in universal policies, the guaranteed cash value is credited with a contractually |
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guaranteed minimum interest rate |
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in universal policies, the guaranteed minimum interest rate typically ranges from |
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may be credited with a higher current rate in universal policies |
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in universal policies - is not guaranteed but changes periodically depending on market conditions and company experience |
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in universal policies, if the policy owner borrows the cash value, the amount borrowed is usually credited with a lower |
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