Life Insurance
Universal Life Insurance
A flexible permanent option allowing adjustments to payments, coverage amounts, and cash value accumulation rates.
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Universal Life Insurance
Universal life insurance offers the permanent coverage of whole life with much more flexibility. You can adjust your premiums and death benefit as your needs change, and choose how your cash value grows.
This flexibility makes universal life popular for people whose financial situations may change over time. Pay more when you can to build cash value faster, or pay less during tight times - as long as you maintain enough to cover the cost of insurance.
Key Features
Flexible Premiums
Pay more or less than the scheduled premium, within limits, to fit your current financial situation.
Adjustable Death Benefit
Increase or decrease your coverage amount as your needs change over time.
Cash Value Options
Returns may be fixed or tied to market indexes like the S&P 500 for potentially higher growth.
Transparent Costs
See exactly how much of your premium goes to insurance costs versus cash value.
Types of Universal Life
Traditional Universal Life
Fixed interest rate credited to cash value. Most stable and predictable option.
Indexed Universal Life (IUL)
Cash value growth tied to a stock market index with downside protection.
Variable Universal Life (VUL)
Invest cash value in sub-accounts similar to mutual funds for growth potential.
Indexed Universal Life (IUL) Explained
IUL policies have gained popularity because they offer growth potential tied to stock market indexes (like the S&P 500) while protecting against market losses:
Upside Potential
When the index performs well, your cash value can grow at competitive rates, often capped at a maximum percentage.
Downside Protection
When the market declines, your cash value is protected with a guaranteed floor (typically 0%), meaning you won't lose money.
Important Considerations
Premium Flexibility Has Limits: While you can adjust premiums, paying too little for too long can cause your policy to lapse. It's important to maintain sufficient cash value to cover the cost of insurance. Our agents can help you find the right balance.
Universal Life Is Ideal For
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Flexible Coverage That Adapts to You
Get permanent life insurance coverage with the flexibility to adjust as your life changes.