Universal life insurance is characterized by its flexibility and transparency of expenses.  Unlike whole life insurance, where expenses operate under the cloak of proprietary information, we can easily call up the expense breakdown of universal life insurance policies and see exactly where the money goes.

For universal life insurance policies, expenses fall into four main categories:

1. Premium load
2. Policy Fee
3. Per 1,000 Charge
4. Cost of Insurance

Variable universal life insurance policies will also have an asset fee associated with the investment account(s) chosen.

Listen to the full episode to hear an explanation of all the expenses AND why you need not be afraid of them! __________________________________________

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