Universal Life Insurance

Permanent protection in a flexible plan

WHAT IS IT?
Universal life insurance brings together two superior features: permanent coverage and the flexibility to change your plan as needed. As a permanent plan, its coverage runs for the duration of your life; however, throughout these years you have the flexibility to adjust the death benefit and premium payments to fit your changing needs. Additionally, universal life plans include an investment component which accumulates cash value you can use. Putting you in control of your plan, universal life can be a powerful insurance product.

TAX-FREE DEATH BENEFIT
Upon death, universal life insurance transfers your funds straight to your beneficiary-without taxes dipping into the benefit. It ensures the money you left is there when your loved ones need it most.

TAX-FREE SAVINGS GROWTH
Premiums paid into universal life policies are divided by the insurance company into two accounts: insurance and investment. Money set aside in the investment portion grows tax-deferred. As the policy holder, you have the power to shift money between the two components to make best use of your plan and funds. It's about keeping you in charge-and keeping you secure.

FLEXIBLE PROTECTION, FLEXIBLE PREMIUMS
With universal life, not only can you choose the amount of protection that best suits you, but also the amount and frequency of your payments. Subject to your personal plan, enjoy the flexibility to increase or decrease coverage as your needs change-plan ahead by increasing your premiums, or if you're short on cash let the policy's accumulated cash value pay part of the premium. Here, streamlining your plan doesn't mean compromising loved ones' security. Universal life is what you need, when you need it.