Universal Life Insurance

Affordable protection
Lasting peace of mind

What is universal life insurance?

Universal Life offers permanent coverage with flexibility. You decide how much to contribute within set limits, while the policy builds tax-advantaged cash value through an investment strategy. It combines the best of both worlds: protection and investment growth.

How does universal life insurance differ from other types?

Compared with whole life, universal life offers more control over your investments and premiums. Policyholders can increase or decrease premium payments within set limits and modify their investment choices, providing greater flexibility in how the policy’s cash value grows over time.

Who is universal life insurance best suited for?

Universal life suits people who want lifelong protection with flexibility. It works well for families and business owners who may want to change coverage, for clients seeking tax-efficient accumulation, and for those comfortable monitoring funding levels and performance with an advisor.

Key features of a
universal life insurance policy

When deciding if this kind of coverage is right for you, it helps to understand its core features. Here is a concise overview of what term life can provide, so you can feel informed and confident as you evaluate your options.

01 Lifetime Protection

Universal life provides permanent lifelong insurance.

02 Financial Flexibility

Universal Life Insurance offers flexibility to match your evolving financial circumstances. You can modify both your premiums and investment, ensuring your coverage remains aligned with your current financial goals.

03 Wealth Accumulation & Tax Efficiency

The policy builds cash value that grows over time, giving you a financial asset you can access during your lifetime. You also have the flexibility to adjust premium payments and investment choices within set limits, while investment gains grow tax-deferred, allowing you to incorporate the policy into your overall tax strategy.

04 Estate Planning

Universal Life Insurance serves as an effective tool for transferring wealth with tax advantages. By growing your savings within the policy, it supports estate planning strategies that reduce tax liabilities, allowing you to protect and transfer your assets more efficiently.

Still have questions?

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Frequently asked questions

How does the investment component work?

Your policy includes an investment feature that allows your cash value to grow on a tax-deferred basis. This means your earnings are not taxed until funds are withdrawn, helping your savings accumulate more efficiently over time.

Can I withdraw money from my policy?

Yes. You can withdraw from the cash value of your policy. However, doing so will reduce the death benefit available to your beneficiaries.

Is this policy useful for estate planning?

Yes. Whole life insurance can be an effective estate planning tool, offering tax advantages and enabling a smoother transfer of wealth to your heirs.

What happens if I stop paying premiums?

If you stop making premium payments, your policy’s accumulated cash value may be used to keep the coverage in force. That said, prolonged non-payment could reduce your cash value and death benefit over time.