Universal Life

Flexibility and security

Universal life Insurance is typically permanent insurance that builds interest and offers lower premiums. But flexibility is what makes Universal Life Insurance truly unique. It allows you to focus on building your cash value or on the guaranteed insurance protection aspect of your plan. This type of policy may let you change your insurance premiums and the amount of your death benefit if your needs or priorities change.

If your cash value is sufficient, you may even be able to skip a payment now and then. You can have access to your cash value during your lifetime.  And, your policy may earn interest that can accumulate on a tax-deferred basis.

Universal Life insurance may be right for you if you want:

  • The ability to choose the focus of your plan: cash accumulation or guaranteed protection
  • The option to determine the length of your guaranteed protection period.
  • Flexible premiums that can change with your situation.

Interest rates vary with market conditions. Some policies may offer a guaranteed minimum performance guarantee,