Universal Life Insurance

Universal life insurance is another form of permanent insurance.  Also, unlike term insurance, Universal life coverage focuses on long-term protection and does not have an expiration period.

Universal life insurance not only provides lifetime death benefit protection but also flexibility to give you choices as your needs and finances change.

It offers options such as coverage amounts that may be increased or decreased, and premiums that you can vary based on your finances as long as there is enough money in the account to pay for the monthly insurance and administrative charges.

Depending on the premium you choose to pay, a Universal life insurance policy may accumulate tax-deferred account value, which you may access as a benefit while you are living. These funds may be borrowed from the policy to supplement your retirement income, provide funds for a child’s college education or any other purpose you may choose.

Universal life policies traditionally offer a lower initial premium than Whole Life, but offer fewer guarantees.

These contracts provide you with flexible death benefit protection along with options and features to meet your changing needs.

Life, Health and Annuity Licensed in Alabama, Arizona, California (CA License #0G45450), District of Columbia, Florida, Georgia, Louisiana, Maryland, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina,
Tennessee, Texas, Virginia and Washington