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Universal Life Insurance

Universal Life Insurance

Universal Life Insurance is a form of permanent life insurance. It can provide affordable guaranteed protection and flexibility.

A Universal Life insurance policy provides flexibility that allows you to change, within limits, the death benefit and the timing and amount of your premium. You can build your policy’s cash value, or pay a lower premium and focus more on guaranteed protection.

Universal Life insurance can be right for you if you want:

  • Protection that can last a lifetime
  • The flexibility to choose between two policy designs:
    • Protection plus cash accumulation, or
    • Focus on affordable guaranteed protection
  • An option for a lifetime of guaranteed monthly income for your beneficiaries

Some things to consider about Universal Life Insurance:

  • Cash value growth is based on periodically-declared fixed interest rates. Should rates fall, cash accumulation could suffer, and higher premiums may be needed
  • Changing your policy’s premium or death benefit can affect your policy’s performance and guarantees, possibly requiring higher premiums later.

Your representative can help you determine whether Universal Life insurance makes sense for you and your family.

You might also consider:

Term Life Insurance for temporary simplified coverage with no cash value.

Whole Life Insurance for permanent coverage, with guaranteed premiums, death benefits and cash value growth.

*Guarantees are based on the claims paying ability of the issuing company.

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