Universal
Our Universal Life policy is the perfect solution if you are looking for long-term financial security but with the flexibility you need adjust to life's changing circumstances. The Universal Life policy includes flexible premiums and adjustable coverage to help you better manage income while providing solid financial security for your family today, tomorrow, and well into the future.
Although similar to a whole life policy, the Universal Life policy has several key differences that may make it a more attractive investment option. These differences include:
- Interest Paid Monthly At Current, Competitive Rate: Unlike whole life policies that often pay interest rates based upon historical averages that may be significantly below current rates, the interest on the cash in a Universal Life policy is paid at current, competitive rates. Plus, crediting rates are guaranteed to never fall below the minimum amount guaranteed by your policy.
- Increase Premiums To Build Cash Value Faster
- Decrease Premiums When You Need to Conserve Cash Flow: This is a great feature that can really help when emergencies arise and you need extra cash. The only stipulation is that you can only increase or decrease premiums within the specified minimums and maximums of the policy.
- Stop Paying Premiums When Needed: As long as your policy has enough cash value to cover policy expenses, you can stop making premiums as needed.
- Increase/Decrease the Amount of Coverage w/out Buying New Policy: You will still be subject to minimum premium requirements and proof of insurability may be necessary for increases in coverage.
Universal Life policy provides you with the financial security your family needs today plus the flexibility to adapt to changing circumstances tomorrow while still growing your investments at a pace you control.