Universal Life Insurance
Looking for Universal Life Insurance?
Universal life insurance is a type of cash value insurance. The premiums are paid in your policy’s account value, where it earns interest. Every month, deductions are taken from the account to pay the life insurance premiums. You can make withdrawals or take loans from the account as needed. The policy will remain in place as long as there are enough funds to cover the monthly premium. It is a flexible plan that allows you to raise or lower your coverage based on your current needs.
Universal life insurance is typically used to provide income loss, cover mortgage payments, and educational expenses. It can also be used to access cash value when needed and for an estate, special needs, or business planning. To find out how much universal life insurance you need, use our calculator.