Universal life insurance is permanent and flexible protection, that lasts a lifetime or the life of the policy.

With universal life, the premiums and benefit amount are flexible and, if your life insurance needs change later in life, you may be able to increase or decrease the amount of coverage*. Universal life insurance also has the potential to build cash value on a tax-deferred basis**. You have access to this cash value through policy loans or withdrawals.

Universal life insurance might be right for you if…

  • You need to create a death benefit that helps protect your loved ones from the financial consequences of your death.

  • You value the opportunity for cash accumulation that can help with future financial needs such as supplemental college funding, retirement income or emergencies.

  • You want the flexibility to adjust premium-payment amounts and frequency, as well as the ability to increase or decrease the death benefit amount.

* Increases allowed with evidence of your good health. If the face amount is reduced during the surrender charge period, a surrender charge may be applied to the accumulation value in the amount of the reduction.

All of our universal life insurance products provide…

Death Benefit
A death benefit that helps protect your loved ones from the financial consequences of your death.

Cash Value Accumulation
The opportunity to build cash values that can help with future needs such as supplemental college funding, retirement income or emergencies.

Flexibility
Flexibility to adjust premium payment amounts and frequency, as well as increase or decrease the death benefit amount.*

Tax Advantages
Tax advantages in the form of an income tax-free death benefit**, tax-deferred potential cash value accumulation and income tax-free policy loans and withdrawals.

Accelerated Death Benefits
Accelerated death benefits which offer early access to a portion of your death benefit in the event of a terminal or chronic illness.

**Death benefit proceeds from a life insurance policy are generally not included in the gross income of the taxpayer/beneficiary (Internal Revenue Code Section 101(a)(1)). There are certain exceptions to this general rule including policies that were transferred for valuable consideration (IRC §101(a)(2)). This information should not be construed as tax or legal advice. Consult with your tax or legal professional for details and guidelines specific to your situation.