Universal Life Insurance

Universal Life insurance is a flexible premium and interest–sensitive type of life insurance coverage. One can apply as much or as little premium toward the policy, but must always have a certain level of policy values present in order to keep the contract in force. Without including some type of guarantee on these policies, the premiums required and cash value performance are entirely affected by the performance of Interest Rates.

In recent years, the industry has moved toward structuring these Flexible Premium policies on a guaranteed basis. The idea behind using these policies as guaranteed level coverage is very similar to that of Term insurance, but without the restrictions on time frames that coverage can extend out for. The Guaranteed Universal Life offers a guaranteed level premium and death benefit for as long of a period of time as one would like, up to age 125.

Benefits of Universal Life

For additional information regarding Universal Life insurance call 1–800–817–4522 or request a Life insurance Quote.