What is universal life insurance?
Sometimes called adjustable life insurance, universal life is a kind of permanent life insurance that gives you a lot of flexibility when it comes to premiums and coverage. Like other kinds of permanent life insurance, you’re covered for life, but like whole life, it accumulates in cash value. If you have questions, call for a no-obligation quote. 1-800-731-2228
The extra flexibility of universal life insurance
Flexibility is the biggest advantage of universal life insurance. What you leave for beneficiaries, premiums and the cash value of your policy can be adjusted if your life situation or budget changes. Universal life insurance can be a great choice if you’re looking for long-term, permanent coverage with a flexible payment schedule. 1-800-731-2228
Good to know.
Lifetime Coverage
Flexible and adjustable coverage for your entire lifetime to give you total peace of mind
Flexible Benefits
You can adjust the payout to your beneficiaries to match your financial situation if your life changes
Flexible premiums
You can increase and reduce your premiums to suit your budget and changing life circumstances
Flexible cash value
Adjust your investment-like savings and earn interest that’s tax-deferred
Universal life and other kinds of permanent life insurance compared
| Whole | Participating | Universal | Term 100 | |
|---|---|---|---|---|
| Lifetime coverage | Yes | Yes | Yes | Yes |
| Guaranteed premiums | Yes | Yes | No – Can increase or decrease to suit your budget | Yes |
| Savings component | Yes | Yes – Dividend is based on the insurance company’s performance | Yes – Investment portfolio is customizable | No |
| Cash value | Yes | Yes | Yes | No |
| Learn more | Learn more | Learn more |
