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Flexibility When You Need It
Life is full of unexpected twists and turns. Universal life insurance provides the flexibility you need to navigate your journey. It is a form of whole life insurance that covers you throughout your lifetime, but along the way you can adjust things like your premium payments and death benefits1 to meet your current needs and goals.
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Benefits While You're Living
Your policy builds accumulated value – based on premium payments you make – that you can borrow against while you’re still around to enjoy it. You can use your policy’s accumulated value for purchasing a home, starting a business, or even funding your retirement. Just remember that taking loans or withdrawals2 against the accumulated value could impact the amount of your death benefit.
1Additional costs are associated with an increase in coverage and may require additional underwriting. Increases in specific amounts may trigger new surrender charges and surrender charge periods, but decreases to specified amounts may not reduce surrender charges.
2Withdrawals may be subject to fees and/or considered a taxable event. Any loans from the policy’s accumulated value will reduce the accumulated value and death benefit if the borrowed funds, plus interest, are not repaid by the time of your death.
