Universal life insurance is a type of long-term life insurance policy.
Unlike term life insurance, it covers you for your entire life rather than simply a picked time period.
A universal life insurance plan gives permanent life insurance security and access to tax-deferred money values. You are guaranteed a cash value that expands based on the interest rate set by your insurance provider.
A VERSATILE PLAN FOR YOUR HOUSEHOLD’S FUTURE
If you desire long-lasting coverage, however with versatility in the future, universal life insurance may be a good alternative. It’s life insurance developed to offer protection for the rest of your life while building cash value. This type of long-term life insurance policy likewise offers:
SURVIVOR BENEFIT SECURITY
As long as you pay adequate premiums, your protection never finishes. Plans start with low monthly costs for $100,000 of Universal Life insurance policy forever.
INCREASED CASH VALUE OPTIONS FOR CERTAIN POLICIES
Some universal life plans provide that the cash value can be linked to the wide performance of stock exchange index funds, yet with limitations on just how much you can get or lose. Or, you can select an ensured annual return choice. It also uses adaptability to have a mix of both.
You can increase or decrease your survivor benefit to meet your changing financial demands so long as a sufficient premium is paid to keep the policy active.
INTERESTED IN UNIVERSAL LIFE INSURANCE?
Our devoted life insurance specialists can lead you through the process.