Universal Life Insurance
Lifelong Protection with Unmatched Flexibility
For those seeking permanent coverage with adaptable features, Universal Life insurance offers a powerful solution. It provides lifelong protection with a death benefit, coupled with a cash value component that grows on a tax-advantaged basis. What sets it apart is its flexibility: you can adjust your premium payments and schedule within certain limits to fit your changing budget and life circumstances. Furthermore, you can access the policy’s cash value during your lifetime for opportunities or emergencies.
Common Question for Life Insurance
Life Insurance is protection against financial loss resulting from death. It is an insurance company’s promise to pay your beneficiary a specific amount of money when you die in exchange for timely payment of premiums.
Although you may not think about it, your ability to earn an income is a significant asset and life insurance helps replace lost income in the event of your premature death.
It depends on your individual situation and on the nature and severity of the health issue. Additional medical information may be required and approval may be at a higher premium rate than a healthy person of the same age.
Yes, by submitting written request to the company. However, the changes can only take effect at policy anniversary date.