Universal Life

What is Universal Life Insurance?

Death and taxes are inevitable, but universal life insurance helps you deal with both. With a universal life insurance plan, you get the coverage of life insurance along with a tax-deferred benefit that grows over time.

Universal Life benefits can include:

  • – Provides for a family’s loss of income, mortgage costs, and education expenses
  • – Access to cash value for life’s opportunities
  • – The growth in cash value is tax-deferred under current federal income tax law
  • – Death benefit will provide a tax-free income to your beneficiaries
  • – You get to decide the amount of life insurance and premium payments (subject to policy minimums)
  • – Use the funds if you become terminall ill or are confined to a nursing home
  • – Insure your children under the same plan
  • – Have your premiums waived if you become disabled
  • – Your family could receive an increased death benefit if you pass away in an accident

Why is Universal Life Insurance so important?

Life is very unpredictable. You don’t know exactly when your life will end – it could be in your 20’s or you could live to be 105. The only way to guarantee your family’s financial security is to be prepared, no matter what happens.

Universal life insurance does just that. If you pass away, your family will receive a death benefit to help cover funeral, burial and other expenses. You also have the cash value to fall back on during retirement or hard times. If you become ill or disabled, you never have to worry about your insurability and you can use your benefit early if you need. With universal life insurance, you and your family are protected no matter what happens.