什么是万能人寿保险?
Universal life insurance was developed in the late 1970s to overcome some of the disadvantages associated with term and whole life insurance. 和其他类型的人寿保险一样, you pay regular premiums to your insurance company, in exchange for which the insurance company will pay a specific benefit to your beneficiaries upon your death.
就像终身寿险一样, a portion of each payment goes to the insurance company to pay for the pure cost of insurance. The remainder is invested in the company’s general 投资 portfolio, with the potential to build cash value.
Most universal life policies pay a minimum guaranteed rate of return. Any returns above the guaranteed minimum vary with the performance of the insurance company’s portfolio. The policyholder has no control over how these funds are invested; funds are managed by the insurance company’s professional portfolio managers.
However, universal life policies are very flexible. 作为保单所有者, you can vary the frequency and amount of premium payments and also increase or decrease the amount of the insurance to suit changes in your situation.
例如, if your financial situation improves significantly, you can increase your premiums and build up the cash value more rapidly. 另一方面, if you find yourself under a financial strain, 你可以减少你的保险费, or you may even be able to deduct premium payments from the cash value of the policy. 当然, changing the premium or withdrawing part of the cash value in your policy will affect the rate at which your cash value accumulates. It may also reduce the size of the death benefit.
Any cash you withdraw from your universal life policy is considered “basis first.” You won’t incur a tax liability until your withdrawals exceed the premiums you’ve paid into the policy. Any amount that exceeds the premiums will be taxed as ordinary income.
It is possible to structure many universal life policies so that the invested cash value will eventually cover the premiums. You would then have full life insurance coverage without having to pay any additional premiums, as long as the cash-value account balance remains sufficient to pay for the pure cost of insurance and any other expenses and charges.
Access to cash values through borrowing or partial surrenders can reduce the policy's cash value and death benefit, increase the chance that the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured. Additional out-of-pocket payments may be needed if actual dividends or 投资 returns decrease, 如果您提取策略值, 如果你贷款, 或者电流增加. Guarantees are contingent on the financial strength and claims-paying ability of the issuing company.
根据现行的联邦税法, loans taken will generally be free of current income tax as long as the policy remains in effect until the insured's death, 不失效还是成熟, and is not a modified endowment contract. This assumes the loan will eventually be satisfied from income tax free death proceeds. Loans and withdrawals reduce the policy's cash value and death benefit and increase the chance that the policy may lapse. 如果政策失效, 成熟, 是投降了, 或者变成了修改后的禀赋, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distributions of policy cash values.
The cost and availability of life insurance depend on factors such as age, 健康, and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. 除了, if a policy 是投降了 prematurely, there may be surrender charges and income tax implications.
For investors who want the flexibility to change their premiums or death benefits, a universal life insurance policy may be ideal. If you are considering purchasing life insurance, consult a professional to explore your options.
The information in this newsletter is not intended as tax, 法律, 投资, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or 法律 professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2024 Broadridge Financial Solutions, Inc.