Universal Life Insurance

Premium Flexibility & Cash Value Accumulation that Can Protect You & Your Family.

What are the benefits of universal life insurance?

You can withdraw money or borrow against the policy’s cash value.
Your cash value earns interest.
You have flexibility with premiums.
You can adjust the death benefit.

What are the pros and cons of universal life insurance?

Indexed universal life insurance policies provide greater upside potential, flexibility, and tax-free gains.
This type of life insurance offers permanent coverage as long as premiums are paid.
Some of the drawbacks include caps on returns and no guarantees as to the premium amounts or market returns.

Is universal life insurance worth it?

If you want flexible premiums and permanent coverage, universal life insurance may be worth it. Be aware that universal life is typically more expensive than

term life insurance

What are the downsides of universal life insurance?

Universal policies typically don’t have fixed interest rates, so they are less predictable than whole life insurance policies. If you miss a payment on a universal life policy or don’t contribute enough to the cash value, you may end up making several large payments to keep the coverage.

Why is universal life better than whole life?

Whole life and universal life insurance have many similarities, and both are great options to help protect your family. The main difference is that whole life usually doesn’t change—many features are guaranteed for life—while universal life offers flexibility.

What age should you get universal life insurance?

Whole life policies become more expensive as you age, so the younger you are at the time of purchase, the more affordable it will be over the span of your life. 30 to 60 years old: Whole or universal life policies can be good options, depending on your financial situation