Universal life insurance
The flexibility of universal life lets you adjust the premium and death benefit as your life changes — without starting from scratch.
Agent tip
Buying when you're young and healthy is the best financial decision. The premium rises with age and health status.
What's included?
Flexible death benefit
You can increase or decrease the coverage amount as your needs change (subject to underwriting).
Cash value account
The premium portion exceeding the insurance cost goes into a cash value account that earns interest.
Key benefits
Flexible premiums
You can pay more when things are good and less (down to a minimum) when you have cash flow restrictions.
Permanent coverage with flexibility
Unlike term (which expires) and whole life (with fixed premium), universal combines permanence with adaptability.
Frequently asked questions
What types of universal life exist?
Several variants exist: Indexed Universal Life (IUL) linked to a stock index, Variable Universal Life (VUL) with investment subaccounts, and Guaranteed Universal Life (GUL) with a guaranteed minimum benefit.
