Another key advantage of Universal Life Insurance is the ability to help owners decrease their premium outlays down to a minimum. A maximum of 70% of the said premium is allowable for the owner’s loan. If for instance, a male prospect (40 years old) has a Coverage of $5 million, a Premium of $1 million, a Premium Financed of $700,000 and an Upfront Premium of $300,000; then he would have a $5 million coverage already in place provided he just pays $300,000 upfront together with financing charges on the remaining $700,000.
