Universal Life Insurance

Universal Life Insurance

Universal life insurance is a flexible and permanent life insurance option that provides lifetime protection similar to whole life insurance, with added financial planning benefits. It allows for tax-deferred savings growth and offers flexibility in premiums. Unlike term life, universal life policies can accumulate interest-bearing funds, much like a savings account. Policyholders can adjust their premiums and potentially their death benefit, with any extra premium payments earning interest over time.
Universal life insurance policies are a form of permanent life insurance with flexible premiums. Unlike term life, Universal life policies can accumulate interest-bearing funds like a savings account. Also, policyholders can adjust their premiums and possibly their death benefit, and those paying extra toward their premium receive interest on that excess.