Universal Life Insurance
Universal Life Insurance
Flexible premiums. Lifelong protection.
Universal life insurance gives you the permanence of whole life with the flexibility to adjust your premiums and death benefit as your financial situation evolves.
Understanding Universal Life Insurance
Universal life (UL) insurance is a type of permanent life insurance that offers more flexibility than whole life. You can adjust your premium payments (within limits) and even modify your death benefit over time. The policy builds cash value that earns interest based on current market rates, with a guaranteed minimum. This flexibility makes UL a strong choice for people whose income or coverage needs may change over time.
Is This Right for You?
- Individuals who want permanent coverage but need premium flexibility
- Business owners whose cash flow varies year to year
- People who anticipate their coverage needs changing over time
- Those who want to build cash value with more flexibility than whole life
- Individuals who want the option to reduce or increase their death benefit
- Anyone transitioning from term to permanent coverage
Why Choose Universal Life Insurance
Flexible Premium Payments
Pay more when you can, less when you need to — as long as the cash value covers the cost of insurance.
Adjustable Death Benefit
Increase or decrease your death benefit as your needs change, subject to underwriting for increases.
Cash Value Accumulation
Earns interest at current rates with a guaranteed minimum, building a tax-deferred financial asset.
Permanent Coverage
Unlike term, your coverage doesn't expire — it's designed to last your entire lifetime.
Transparent Cost Structure
You can see exactly how your premium is split between the cost of insurance and cash value accumulation.
Loan & Withdrawal Access
Access your cash value through loans or partial withdrawals for major expenses or opportunities.
How It Works
Set Your Coverage
Choose your initial death benefit and premium amount within the policy's guidelines.
Pay Flexibly
Pay your premium. The cost of insurance is deducted; the remainder builds cash value.
Earn Interest
Cash value earns interest at current rates (with a guaranteed floor), growing tax-deferred.
Adjust as Needed
Modify premiums or death benefit as your life circumstances change over time.
Frequently Asked Questions
Whole life has fixed premiums and guaranteed cash value growth. Universal life offers flexible premiums and adjustable death benefits, with interest-sensitive cash value. UL gives you more control; whole life gives you more guarantees.
If your cash value is sufficient to cover the cost of insurance, the policy stays in force even without a premium payment. However, if cash value is depleted, the policy could lapse. We'll help you monitor your policy to prevent this.
Yes, in most cases — though increases typically require new underwriting (a health review). Decreases are generally easier and don't require underwriting.
The insurance carrier sets the current interest rate, which can change over time. However, there is always a guaranteed minimum rate (often 2–3%) so your cash value never earns less than that floor.
It can be, especially for those who want flexibility. However, for maximum retirement accumulation, an IUL (Indexed Universal Life) often provides better growth potential. Our advisors will help you compare options.
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