What is Universal Life Insurance

Here is a brief summary of some of the key points of Universal Life Insurance Products.

Flexibility a Key Difference

Traditionally, Life Insurance policies provided a fixed amount of coverage for a specific premium. When policy holders’ needs changed, traditional plans forced them to either pay for unneeded coverage, or purchase another policy at higher premium rates. Unlike traditional plans, the flexible premiums and benefits of Universal Life mean that one policy can be adjusted to fit your changing needs throughout your life.

Cash Values Accumulate at Current Intrest Rates

Cash values accumulate at current, non-guaranteed intrest rates more closely reflecting current economic conditions while maintaining protection.

Annual Report

Each year, the policy owner will receive an annual report providing a complete accounting of all policy transactions. The owner can then compare the current policy status with the original illustration delivered with the policy and make any necessary changes to achieve his/her desired goal.