Before universal life, life insurance policies were inflexible and premium-dependent. Universal and variable universal life policies revolutionized insurance planning by adding goals like asset accumulation, tax planning, and retirement income. This course covers the unique features and applications of these policies, helping financial professionals understand their benefits, design premium strategies, and apply planning techniques.

• Describe the policy styles that were developed before universal life insurance and the ways in which universal life is a much more flexible policy structure
• Analyze the components of the universal life policy including premiums, cash value, costs, and loads
• Detail your role in planning universal life policy premiums to meet clients’ objectives
• Demonstrate the use of universal life insurance in financial planning for people and businesses
• Contrast variable universal life insurance with universal life insurance
• Highlight situations in which variable universal life is especially useful

Life and health insurance producers and finance professionals