Term UL offers affordable rates now for lifelong coverage and savings later
Wheeling, IL (Vocus/PRWEB) February 01, 2011
AccuQuote, a leader in providing term life insurance quotes to people across the United States, is among the first of its competitors to offer a new breed of life insurance products to consumers across the country. The independent multi-carrier life insurance quoting and brokerage firm has recently introduced Term UL to its already impressive portfolio of life insurance and financial planning products.
Term UL is a new crossbreed product that grafts traditional term life insurance coverage onto a universal life, or UL, frame. The hybrid policy allows consumers to pay guaranteed level premiums for a specified period of time, at the same competitive rates of traditional term life insurance. The insured then has the flexibility to extend their coverage beyond the original term and lock in rates comparable to today’s universal life policies. This advantageous product provides lifetime coverage and planning flexibility that traditional term life insurance lacks.
“All in all, for most buyers, Term UL has been, and will continue to be, compared and used interchangeably with their level term counterparts. This is the industry's latest creative move in response to an ever changing regulatory environment,” says Byron Udell, founder and CEO of AccuQuote. That being said, in this case, the consumer is winning in that the new products seem to be incrementally less expensive, yet they deliver the same level guaranteed periods of coverage along with some additional and potentially valuable flexibility. Term UL offers affordable rates now for lifelong coverage and savings later.”
Consumers must keep in mind that each life insurance company offers a different variation of the product. To learn more about the cost, features and availability of Term UL, contact a licensed life insurance representative at AccuQuote. Call 888-314-4455.
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals who answer questions, identify important issues and make meaningful recommendations. The company offers consumers an extensive selection of life insurance products, including term life, whole life, universal life, accidental death, long-term care, disability and selected annuities. AccuQuote.com has many handy insurance tools, including a term life insurance calculator to help consumers determine their life insurance needs, a glossary of industry terminology, a collection of articles and press releases that cover many life insurance topics and a blog that provides opportunities for discussion on life insurance and personal finance. For additional information or to get free quotes for low cost life insurance, please call AccuQuote at 888-314-4455.