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Where does money go after it is deposited to a universal life insurance policy?

April 26, 2017deposited Life Insurance money policy universal

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Where does money go after it is deposited to a universal life insurance policy?

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When you pay premium into a universal life insurance policy, the premium pays a number of costs, such as: provincial premium tax, cost of insurance (includes the cost of any riders that may be on the policy) and an administration fee. Depending on the premium amount you deposit to the policy, you may also allocate some premium to investment accounts within your policy.