Universal Life Insurance
Don’t know the difference between whole and term life?
Go ahead and ask us
What is Universal Life?
Universal Life is a permanent type of life insurance, which means it lasts until you die, as long as you pay the premium and fulfill any other requirements. Universal Life, like many other permanent policies, combines a death benefit with a savings aspect, called “Cash Value.” With the cash value, you can withdraw or take out a loan against the cash value of your policy. Your cash value also earns interest, based on the current market rate. With a Universal Life policy, you have the ability to have a flexible premium. This means we can usually find a premium that meets almost anyone’s budget.
Whole Life vs. Universal Life
Benefit | Whole Life Insurance | Universal Life Insurance |
| Lifelong protection, as long as premiums are paid | Yes | Yes (if the policy has net surrender value) |
| Cash value | Yes (increases at a predetermined schedule) | Yes |
| Interest on Cash Value | N/A | In line with current money market rates |
| Premiums | Fixed | Flexible |
| Death Benefit | Fixed | Flexible |
Other Insurances
Disability Insurance
Are you covered in the case of injury? Can you replace your income if you were to be injured? If you answered no, contact us to learn more.
Mortgage Insurance
Mortgage protection insurance helps your family to be able to pay off your home if something were to happen to you. Contact us to learn more.
Health Insurance
Health Insurance is one of those things that every family needs. We can help from preventive care to hospital care to vision, even dental. Contact us to learn more.