UNIVERSAL LIFE INSURANCE
No matter your stage of life, there is a life insurance solution that fits your and your family's needs. There is no "one size fits all" product that solves every need. This is where the experts can help.
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What is Universal Life Insurance?
Universal Life Insurance gets its name from the fact that it is flexible to the point where it can "universally" fit any point in your life.
Universal Life Insurance offers flexibility to the insured in the form of premium payments and death benefit. It even is able to be used to help supplement retirement income in the form of tax free retirement.
Universal Life Insurance is permanent life insurance with a cash value component. But you must be careful. You must make sure that you're paying the correct amount year over year to ensure that the policy stays in force. Not paying enough to cover the cost of insurance in the future will might make it so that the policy loses its value.
This can be a powerful and flexible tool that may fit within your broader financial strategy and help you achieve your goals. For example, an Indexed Universal Life Policy can grow in cash value linked to the stock market while ALSO providing the death benefit protection. If the cash value gets high enough and is structured correctly, you can use the cash value to supplement retirement income. (You can learn more about that here)
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