Universal Life Insurance

Universal Life insurance is a flexible and guaranteed long-term protection insurance that provides for specific needs, as it provides the most long-term protection for your dollar.
Maximizes long-term coverage while building cash value.
It is an efficient way to give your families the long-term insurance protection they deserve.

Consider Universal Life Insurance if you’re looking for:

The most long-term protection for your dollar.
Protection for a longer period than typical term insurance.
The ability to customize your protection up front and make adjustments down the road.

What makes Universal Life different from other long-term insurance policies?

Here are some factor to consider when comparing life insurance polices:

Guarantee vs. adjustable

For many people, a guaranteed death benefit is the most important aspect of their policy. It means peace of mind for them–their loved ones. For others, having the flexibility to adjust their policy, including premiums, is more important, even if it means the death benefit could fluctuate.

Your level of oversight

With some kinds of life insurance, you can purchase a policy, put it away, and simply pay your premiums as they come due. With universal life, though, you can make changes to your policy, including adjusting your premiums and coverage.1 That flexibility can be very helpful if your circumstances change. It requires you to regularly review your policy, however, to help avoid risks.

Our level of oversight

There are factors impacting your policy that you can control and factors that you cannot control. Our auto-adjusted billing service actively monitors your policy and informs you annually if any changes are needed. This optional service is available at no additional cost to you and is a great way to make sure the objectives of your policy remain on track.

You can customize your universal life insurance policy with the following riders:

Death benefit Option A
Provides a level death benefit that equals the face amount.
Death Benefit Option B
Provides a fluctuating death benefit that equals the policy’s cash value, so the total benefit amount is based–in part–on the potential growth of your policy.
Individuals purchasing Option A will benefit from larger cash value accumulations while individuals purchasing Option B will benefit from greater death benefits.
Living Benefits (No Charge a part of the policy)
1. Chronic Illness
2. Critical Illness
3. Critical Injury
4. Terminal Illness

Universal Life frequently asked questions

How does universal life insurance work?

Universal life insurance is known for its flexibility—the policy allows you to adjust your premium payments (within limits) and death benefit amount depending on your needs. This means you won’t have to sacrifice protection for your family if your financial health changes. If, after some time, you decide to lower or stop paying your monthly premiums, you can use the accumulated cash surrender value to pay for them. However, you cannot do this until your policy has accrued enough cash value.

Does Universal life insurance expire?

A universal life policy will expire if you stop paying the premiums and the cash value becomes depleted. If you need life insurance, it’s best to keep the policy payments up to date. If you have to buy a new policy later, your premiums will be higher because of your older age, and you may have to take a new life insurance medical exam.

How much does universal life insurance cost?

Universal life generally provides more death benefit protection for the dollar than whole life, but it does not provide as many guarantees. As a result, it can be a more cost-effective option if you want lifetime or long-term life insurance coverage.

Get the protection you need for your loved ones- now and in the future.

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