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About "Universal Life Insurance"
Summary: Universal Life Insurance is a type of life insurance product where the consumer pays more than the cost of the insurance in the early years, and the surplus is stored up as cash value and invested. Later in life, the purchaser can either cash out the policy (retrieve his cash value), borrow against the cash value, or let the cash value cover the increasing cost of the insurance (which is more expensive as people get older) so that their premiums do not rise or may even decline or disappear if the cash value is high enough. Some people have been disturbed recently because UL policies sold in the 1980s (when interest rates were high) were sold with a promise of high returns and big cash value. As interest rates came down in the ‘90s and 2000’s, those projected returns were unrealistic, and now these policyholders are being told they must pay more to keep their policies in force. NEG brief argues that this is not a problem, and that the States can solve.
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Coach Vance debated in National Forensic League debate while in high school from 1979-1982. In college, he judged at high school NFL tournaments in North Carolina. A homeschooling dad himself, he realized the growing potential and benefit of homeschool debate and switched over to coaching homeschoolers a couple years later. In 2001, he helped Chris Jeub with bringing The Blue Book to a more advanced level. He has been co-authoring Blue Book ever since.