Universal life insurance is a type of permanent life insurance that provides both death benefit protection and a savings component in the form of a cash value account. It is designed to offer more flexibility and control over the coverage than traditional permanent life insurance options, such as whole life insurance.
Universal Life Insurance
- Death Benefit Portection
- Cash Value Accumulation
- Flexible Premiums
- Flexible Death Benefits
- Interest Credits & Policy Loans
Universal Life Insurance
Death Benefit Protection: Like other types of life insurance, the primary purpose of universal life insurance is to provide a death benefit to the policy’s beneficiaries in the event of the policyholder’s death. The death benefit is typically a tax-free lump sum of money that can be used to cover expenses such as funeral costs, outstanding debts, or to provide financial support for the policyholder’s family.
Cash Value Accumulation: Universal life insurance includes a cash value component that grows over time. The cash value is typically invested in a combination of stocks, bonds, and other investment vehicles, and can accumulate over the life of the policy.
Flexible Premiums: Unlike traditional permanent life insurance options, universal life insurance allows the policyholder to choose the amount and frequency of their premium payments. This means that the policyholder can increase or decrease their premium payments based on their individual needs and financial situation.
Flexible Death Benefit: Universal life insurance also allows the policyholder to choose the amount of their death benefit. This means that the policyholder can increase or decrease the death benefit based on their individual needs and financial situation.
Interest Credits: Universal life insurance policies typically earn interest credits based on the performance of the underlying investments. These interest credits can be used to increase the death benefit, reduce the cost of the coverage, or to increase the policy’s cash value.
Policy Loans: Policyholders with a universal life insurance policy can take out loans against the policy’s cash value. These loans do not have to be repaid, but will reduce the death benefit and the cash value of the policy if they are not repaid.
Speak with an Agent
Universal life insurance can be a good option for those who want more control and flexibility over their life insurance coverage. It’s important to carefully consider your individual needs, financial goals, and budget before purchasing a universal life insurance policy. Click the link below to speak with an agent to help determine if universal life insurance is the right choice for you.
Universal Life Insurance FAQ
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What industries do you specialize in?
We are proud that we can quickly learn the basics of virtually any industry and technology. Some of the markets we serve include green tech, medical devices, internet / e-commerce, real estate, etc.
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Can you guarantee our plan will raise capital?
Our mission is to offer a full spectrum of business support services. We offer accounting, audit and consulting. For us, work is a passion, only with this sense we can develop and provide services at the highest level.
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Do we really need a business plan?
We will implement a marketing strategy for your brand. If you would like to achieve more but you do not know how. We will define new directions of your branding development using the latest knowledge.
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What problems business consulting solve?
We will optimize your sales funnel, review how you acquire customers and suggest how you could do it more effectively by attracting more of them or by persuading them to buy more.