15 Advantages of Universal Life Insurance

1. There is a guaranteed cash value.

2. All cash value grows income tax-free.

3. Withdrawals are generally non-taxable up to an amount equal to cumulative net premiums.

4. There is a guaranteed death benefit.

5. All death benefits are income tax free.

6. All policy loans will be receivable income tax-free, even if the cumulative amount exceeds policy basis.

7. The loan interest is deductible in certain cases.

8. Policy loan interest can be guaranteed.

9. Premium rates are guaranteed as to amount and duration.

10. Policy settlement options can produce a guaranteed life income for you or your family, some of which is tax-free.

11. All cash values and death benefits are creditor proof, in most cases.

12. All death benefits can avoid probate charges if payable to a named beneficiary.

13. The death benefit can avoid inheritance taxes in certain cases, if payable to a named beneficiary.

14. The policy is assignable at the desire of the owner; qualified plan assets, for example, are not.

15. The policy is a private transaction and no registration with the SEC or other goverment body is required. This contrasts with a qualified plan, and tax sheltered investments in many cases.

Get an instant quote and apply online for life insurance today. Get the protection and peace of mind only Life Insurance can provide.

Leave a Reply

Your email address will not be published.