Buying Universal Life Insurance with Barter
Is universal life insurance the right product for you to buy? A universal life insurance policy can be perpetuated indefinitely, meaning that you will get a death benefit, so long as you pay the necessary premiums. Your premiums increase each year, as the age of the insured increases, but your rate class is locked in for the life of the policy, so if you buy universal life insurance, the deteriorating health of the insured will not affect the price you pay.
Our employees' good natures notwithstanding, you may find it beneficial to consider whether you really want to buy term life insurance before you contact them for assistance.
Universal life insurance requires discipline on the owner's part, however, because the insurer won't hound you to make your payments. You pay however much you want, whenever you want. Your premiums go directly into an interest-bearing account called "cash value," and the insurer periodically takes its fee from that fund.
Take note, however, that Barter does not actually sell insurance. It is merely a tool for helping people to buy term life insurance expeditiously and on the cheap. That doesn't mean that you've wasted your time in coming here, however, because Barter is powered by Wholesale Insurance, a redoubtable and reputable life insurance agency, which is ready to help you buy universal life insurance for the lowest price possible.
