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What is Universal Life Insurance?

Universal life insurance is a type of whole life insurance. Universal life insurance differs from other whole life policies in that it allows the policy owner to vary, within limitations, the amount and timing of premium payments and the death benefit. These changes can be made while the policy is in effect.

Your choices must fall within the company's specified minimum and maximum amounts. These guidelines are set to meet life insurance regulations and maintain healthy relationships between premium, face amount, benefit, and cash value.

Universal Life Insurance Cash Value Options

It is not guaranteed, but it is possible the cash value in a universal life insurance policy could grow faster than is needed to pay the cost of insurance. You can generally choose how that money is used:

Leave it there and accumulate interest. Taxes won't be due until you take it in cash, and future premiums may be reduced.
Take it out in cash. The funds would be treated as taxable income and lower the policy's cash value.

Universal Life Insurance Death Benefit Choices

Option A (or Option 1): Level death benefit is equal to the universal policy's face amount.
Option B (or Option 2): Increasing death benefit is equal to the universal policy's face amount plus the policy's account value. Premiums will be higher for an Option B plan.

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Your request will be processed and/or referred to a licensed agent in your state.

Licensed to sell universal life insurance in:

Ohio License ##104233, California License #0C94325, Florida License #D072714
Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin