Universal Life Insurance
Looking for a policy that can grow with
your needs, providing protection even when the unthinkable happens? Universal
Life Insurance might be what you are looking for.
Universal Life Insurance offers flexibility to help meet your changing
financial needs year after year. With an adjustable death benefit and
flexible premium payments, you have the ability to modify your policy,
as your financial needs change.
Advantages of Universal Life
Tax-Free Survivor Benefits - Your
beneficiaries receive a federal income tax-free death benefit
Tax-Free Liquidity - You may take policy loans or partial
surrenders without creating a taxable event, provided the policy is not
Modified Endowment Contract. Loans or surrenders may be subject to policy
charges, surrender charges and transaction fees and will reduce the cash
value and death benefits,
Tax-deferred Accumulation - Your cash value growth is not reportable
for taxation and you don't receive a 1099 form. Your money grows faster
than if it was taxed every year.
Flexible Premium Payments - You may select how often
and how much your premium payments will be, with some limitations.
Permanent Protection - Have long-term coverage without
having to go through underwriting again, as often happens with term insurance.
