Universal Life Insurance

Don’t know the difference between whole and term life?

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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


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. 

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