What is universal life insurance?

Universal Life Insurance is a type of permanent life insurance that offers both a death benefit and a flexible savings component. Unlike whole life insurance, universal life policies allow policyholders to adjust their premiums and death benefits over time, making it a more adaptable option for changing financial needs.

Key Features of Universal Life Insurance:

• Flexible Premiums – You can increase or decrease your premium payments within policy limits.

• Adjustable Death Benefit – Policyholders can modify the coverage amount to fit their financial situation.

• Cash Value Growth – Earns interest over time, and funds can be borrowed or withdrawn.

• Tax Advantages – The cash value grows on a tax-deferred basis.

Universal life insurance is ideal for individuals seeking long-term financial security with the flexibility to adjust their policy as their financial needs evolve