Universal life coverage may be suitable if you:
- Need coverage to protect your loved ones from the financial consequences of your death.
- Value the opportunity to accumulate a cash value that you can later access to pay for expenses such as college funding or emergencies.
- Want the flexibility to adjust your payments and death benefit amount.
- Have maxed out your IRA or 401(k) and need additional options to save for retirement.
A universal life insurance policy includes what?
The coverage remains in effect for as long as the premiums are paid on time.
Death benefits are income tax-free, cash value accumulation is tax-deferred & policy loans and withdrawals are tax-free.
Early access to a portion of your death benefits in the event of a terminal or chronic illness.
An option to change premium payment amount, payment frequency, and death benefit amount.
