What is Universal Life Insurance?

Universal Life Insurance is a type of permanent life insurance that's designed to offer you flexibility and lifelong protection. Here's a quick rundown of its features:


🔹 Flexible Premiums: Unlike traditional life insurance, you can adjust your premium payments to fit your financial situation.


🔹 Cash Value Componen: A portion of your premium payments goes into a cash value account that earns interest over time. You can use this cash value for loans or to cover premium payments.


🔹 Death Benefit: Provides financial security for your loved ones with a tax-free death benefit.


🔹 Adjustable Coverage: You have the option to modify the death benefit as your needs change throughout your lifetime.


Universal Life Insurance is all about giving you control and peace of mind regarding your financial future. Want to know if it's the right choice for you? Get in touch, and let's explore your options together! 💬👇


Previous
Previous

Add-Ons That Matter: A Plain-English Guide to the 10 Most Common Life Insurance Riders

Next
Next

What is a Life Insurance Living Benefit?