Here is what you will be getting with Universal Life Insurance coverage:
Guaranteed Protection – this lets you choose the limits and the lengths of protection guaranteed. The premium payment schedule will also remain the same as planned.
Cash Value Accumulation – your cash value for the policy will continue to grow, and this can be borrowed or withdrawn at any time from the policy. You can also change it within your limits for death benefits and premium payments.
Variable Universal Life Insurance
You can also check out variable universal life insurance as a great option, since it allows you to combine an investment opportunity with life insurance protection. You can invest in different investment options, and can also accumulate cash value, which will give you death benefit protection as well as allow you to provide for your family.
Death Benefit Guarantee Options – You get a minimum of death benefit guaranteed with variable universal life insurance.
Access to Cash Value – Variable universal life insurance gives you access to cash value, which you can use to help purchase a vacation home, finance your child’s education, or pay for health care costs. You also have the option to withdraw your cash through withdrawal and loan options.
I firmly believe that the Universal Life Insurance policy is of great value and benefit to people, because it provides you with a combination of investment options as well as protection. This is a great policy for all those people who are looking to make a risk-free investment and want insurance protection.
As the name states, Universal Life Insurance policies will provide you with permanent insurance coverage, but this policy also have higher premiums. In return you will get peace of mind, financial security, and an investment option that will continue growing.
Characteristics of Universal Life Insurance
Universal Life Insurance offers you with a permanent life insurance plan with built-in features and options such as a guaranteed minimum rate, lapse protection, adjustable death benefit, and payment flexibility. Other characteristics that you can find in Universal Life Insurance are:
- Account value
- Cash surrender value
- Contributions and premiums
- Options of death benefit
- Universal life insurance quotes
Why choose Universal life insurance?
If you’re still sitting on the fence about whether you should choose universal life insurance, you can always reach out to me and I will tell you in complete detail about this coverage will work for you. The best part that I find about Universal Life Insurance is that it is very flexible and offers you with low cost options, which means that it is a great risk free investment. You get flexible options and the insured can check out different options to preview the premiums, saving cost options, and death benefits, which can all be changed according to the needs of the policy holder.
