Universal Life Insurance

Universal Life is a type of permanent life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance charge, and any other policy charges and fees which are drawn from the cash value if no premium payment is made that month. The interest credited to the account is determined by the insurer; sometimes it is pegged to a financial index such as a bond or other interest rate index. The potential advantage of the universal life policy is in its flexibility and the potential for greater cash value growth if the interest rates offered outperform the insurer's general account (that whole life policy cash value growth is based on). Universal life is more flexible than whole life in two primary ways: the death benefit and usually the premium payment are flexible.

More Resources

SPECIAL RULE FOR CERTAIN PAYMENTS

  (B) SPECIAL RULE FOR CERTAIN PAYMENTS OR OTHER
TRANSFERS OF VALUE.—In the case where an applicable
manufacturer provides a payment or other transfer of
value to an entity or individual at the request of or designated
on behalf of a covered recipient, the applicable
manufacturer shall disclose that payment or other transfer
of value under the name of the covered recipient.
(2) PHYSICIAN OWNERSHIP.—In addition to the requirement
under paragraph (1)(A), on March 31, 2013, and on the
90th day of each calendar year beginning thereafter, any applicable
manufacturer or applicable group purchasing organization shall submit to the Secretary, in such electronic form as
the Secretary shall require, the following information regarding
any ownership or investment interest (other than an ownership
or investment interest in a publicly traded security and
mutual fund, as described in section 1877(c)) held by a physician
(or an immediate family member of such physician (as defined
for purposes of section 1877(a))) in the applicable manufacturer
or applicable group purchasing organization during
the preceding year:
(A) The dollar amount invested by each physician
holding such an ownership or investment interest.
(B) The value and terms of each such ownership or
investment interest.
(C) Any payment or other transfer of value provided
to a physician holding such an ownership or investment interest
(or to an entity or individual at the request of or
designated on behalf of a physician holding such an ownership
or investment interest), including the information described
in clauses (i) through (viii) of paragraph (1)(A), except
that in applying such clauses, ‘physician’ shall be substituted
for ‘covered recipient’ each place it appears.
(D) Any other information regarding the ownership or
investment interest the Secretary determines appropriate.
(b) PENALTIES FOR NONCOMPLIANCE.—
(1) FAILURE TO REPORT.—
(A) IN GENERAL.—Subject to subparagraph (B) except
as provided in paragraph (2), any applicable manufacturer
or applicable group purchasing organization that fails to
submit information required under subsection (a) in a
timely manner in accordance with rules or regulations promulgated
to carry out such subsection, shall be subject to
a civil money penalty of not less than $1,000, but not more
than $10,000, for each payment or other transfer of value
or ownership or investment interest not reported as required
under such subsection. Such penalty shall be imposed
and collected in the same manner as civil money
penalties under subsection (a) of section 1128A are imposed
and collected under that section.
(B) LIMITATION.—The total amount of civil money
penalties imposed under subparagraph (A) with respect to
each annual submission of information under subsection
(a) by an applicable manufacturer or applicable group purchasing
organization shall not exceed $150,000.

passages malibu treatment Medications help with different aspects of the treatment process. Medications can suppress withdrawal symptoms during detoxification. passages malibu book Medications help with different aspects of the treatment process. Medications can suppress withdrawal symptoms during detoxification. Detoxification is only the first step in the treatment process. passages malibu program Animal studies have shown that steroids are reinforcing. Animals will administer steroids to themselves when researchers gave them the opportunity. Animals do this with other addictive drugs, too. The addictive property is more difficult to demonstrate in humans, but the potential for steroid abusers to become addicted is consistent with continued abuse. passages malibu rehab Almost every addicted individual believes at the outset stopping using drugs without help is easy and most people try to quit without seeking treatment. Although some people are successful, many attempts result in failure to achieve permanent abstinence. Research suggests that long term drug abuse results in changes in the brain that last long after a person stops using drugs. passages malibu center Adolescent drug abusers have unique needs stemming from underdeveloped or immature neurocognitive and psychosocial stages. Research demonstrates that the brain undergoes a prolonged process of development and refinement, from birth to early adulthood, during which a developmental shift occurs where actions change from impulsive to more reasoned and reflective. passages malibu health Steroid abuse can lead to serious and irreversible health problems. Some of the most dangerous problems include: liver damage; jaundice, fluid retention; high blood pressure; increases in LDL bad cholesterol; and decreases in HDL good cholesterol . passages malibu offer Alcohol rehab is necessary in order to obtain complete recovery from alcoholism. Alcohol abuse is a symptom of deep underlying issues or problems that the afflicted person has been coping with by self medicating. Effective long term recovery is obtained from an alcohol rehab that treats the primary causes of alcoholism and expels the body of toxins by holistic methods and Detox. passages malibu center Many sufferers of insomnia become addicted to Ambien and a class of similar drugs called nonbenzodiazepines, also known as Z-drugs. Even within the addiction recovery field, many people embrace the notion that Ambien addiction is an incurable disease. This oversimplified view simply does not account for the real, complex reasons behind Ambien addiction. passages malibu help Regardless of whether Ambien addiction occurs by prescription abuse, administration by a doctor or from recreational drug use, patients can overcome Zolpidem addiction when properly treated. passages malibu book Anabolic-androgenic steroids are synthetic variants of the naturally occurring male sex hormone testosterone. Anabolic refers to building muscle and androgenic refers to increased male sexual characteristics. Steroids refer to the class of drugs. passages malibu program Specialists have extensive experience with Ativan addiction and understand that there are four main causes of addiction, including Ativan dependency: chemical imbalances that occur in the brain; unhealed traumatic events from the past. passages malibu treatment When individuals use Ativan for an extended time, withdrawal symptoms often occur with cessation of use. Over time, Ativan users tend to increase the frequency and level of dosage of the drug, due to building tolerance. Eventually, chronic Ativan users begin to experience withdrawal symptoms and cravings for Ativan when trying to stop using. passages malibu program Behavioral couples therapy is a therapy for drug abusers with partners. Behavioral couples therapy uses a sobriety and abstinence contract and behavioral principles to reinforce abstinence from drugs and alcohol. passages malibu help Behavioral therapies are helpful to addicts in the following ways: by motivating people to participate in drug treatment offer strategies for coping with drug cravings; teaching addicts ways to avoid drugs and prevent relapse; and helping individuals deal with relapse if it occurs. passages malibu health Behavioral treatments help engage people in drug abuse treatment, provide incentives for patients to remain abstinent, modify the attitudes and behaviors associated with drug abuse and improve every day life skills by teaching people how to handle stressful circumstances. Environmental cues may trigger intense craving for drugs and prompt another cycle of compulsive abuse.