Universal Life Insurance
A Universal Life insurance may be the answer if you’re looking for a flexible solution to assist safeguard your loved ones while also building tax-deferred financial value. This adaptable permanent protection, which may be arranged as a Survivorship or Joint policy, is appropriate for customers who may want to change coverage and premiums to match changing needs.
How does universal life insurance work?
You will pay a monthly fee to your firm, just like other life insurance policies. A portion of your investment is used to pay for the insurance, which covers any costs and death benefit coverage, while the balance accumulates cash value and earns a fixed rate of interest. You can borrow or withdraw money from your cash value in a universal life insurance policy. The tax-deferred death benefit will be given to your beneficiaries if you die.
Who should get Universal Life Insurance?
- Insurance coverage for the rest of your life
- Growth in cash value with tax benefits
- Built-in flexibility in case you need to change your premium or death benefit value due to unforeseen circumstances.
Benefits of Universal Life
Contact us for a consultation regarding your insurance needs.