Universal Life Insurance

Universal Life Insurance (UL) is considered "permanent" life insurance because it can provide protection for your entire lifetime. In addition, a UL life policy can build cash value - money that you can borrow against and, in some instances, withdraw to help meet future goals. Also, cash values generally grow on a tax-deferred basis, meaning that you pay no taxes on any earnings in the policy so long as the policy remains in force.

In today's market, we generally recommend purchasing a Universal Life policy that incorporates a contractual guarantee; whereby if certain conditions are adhered to, the life insurance amount purchased is designed to remain in force for the insured's lifetime.

Who should consider Universal Life Insurance?

• Individuals or businesses needing long-term protection
• Anyone who likes cash value accumulation on a tax-deferred basis
• People that like contractual guarantees

What are the Benefits?

• Tax-deferred cash accumulation is possible
• Can be designed to remain in force for a person's entire lifetime
• It is possible to lock-in a specified premium for a specified period of time
• Can access cash value through policy loans and/or withdrawals
• Should you surrender your policy, your net cash value can be withdrawn

Download our Needs Analysis Questionnaire (PDF)

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