AccuQuote AddsTerm UL to Its Portfolio of Life Insurance Products

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 1, 2011 -- Wheeling, Ill. (PRWEB) February 28, 2010– AccuQuote, a leader in providing term life insurance quotes to people across the United States, recently added Term UL to its rapidly expanding portfolio of life insurance and financial planning products. The company is among the first of its competitors to offer this new breed of term life coverage to consumers nationally. The product was introduced in an effort to keep up with consumers’ needs for flexible life insurance protection.

Term UL is anew crossbreed product that grafts traditional term life insurance coverage onto a universal lifeinsurance (UL) foundation. Universal life insurance is a type of permanent life insurance that distinguishes and itemizes three elements; the protection (death benefit)element, the expense element and the cash value element.

How does it work? Term UL is a hybrid life insurance policy that allows its insureds to pay guaranteed level premiums for a specified period of time – the term, at the same competitive rates of traditional term life insurance. The policyholder then has the flexibility to extend their coverage beyond the original term and lock in rates comparable to today’s universal life policies. The advantage of this innovative product is that it provides lifelong coverage and planning flexibility that traditional term life insurance protection lacks.

“All in all, for most buyers, TermUL has been, and will continue to be, compared and used interchangeably with their level term insurance 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 and one of the country’s foremost life insurance and annuity industry experts. “That being said, in this case, the policyholder is winning in that the new products seem to be incrementally more affordable, yet they deliver the same level guaranteed periods of coverage along with some additional and potentially valuable flexibility. Term UL offers low cost life insurance rates now for lifelong coverage and savings later.”

Keep in in mind, the product described is a common version of Term UL. However, many life insurance carriers offer different variations of the hybrid policy.

To learn more about the cost, features and availability of Term UL, contact a licensed life insurance agent at AccuQuote by calling 800-442-9899.

About AccuQuote

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 800-442-9899.
http://www.accuquote.com/

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