Universal Life Insurance = Flexible Coverage That Lasts

☑️ lasts your entire life

☑️ builds cash value

☑️ provides flexibility in payments & death benefit amount

Universal life insurance covers you up to a particular age – as high as 120 years old. In addition to lifelong coverage, you also get a cash value account. A small portion of every payment you make goes into that account, which earns interest and grows over time. You can access that cash value for future expenses, like the kids’ college tuition or retirement.

Now let's talk about flexibility. One part of universal life's flexibility comes from the payment options. You can pay the same amount every time - but you don't have to. Had a good year, income-wise? You can pay more than the minimum required, and fill up your cash value account more quickly. Or you can pay less than the minimum required, and pull from your cash value to make up the difference. It’s up to you to monitor the amount of cash value you have and ensure there’s enough to make that payment.

Another part of this policy’s flexibility comes from the ability to change the death benefit amount. Depending on the provider, you can decrease the coverage amount later in life, once your major financial obligations have passed. This also lowers the cost of the insurance, making the policy more affordable over time. Other providers will let you add your cash value to the death benefit so your heirs get even more money when you pass away. Each policy is slightly different, so let us help you pick the one that best meets your needs. Call us or get a quote today!

Our client, Rosa, got a quote for whole life insurance and knew she couldn’t afford it. But she didn’t want to opt for a limited term policy. She knew she wanted coverage that lasted her whole life. She thought she was out of luck…until she gave us a call.

We talked to her about her income and needs, and realized she could save thousands per year by opting for universal life instead of whole life coverage.

Whole life costs more because the death benefit amount is guaranteed and the payments never change. But universal life is more flexible, and costs much less. It still lasts your whole life (up to age 120, if needed!), but you can choose how much to pay into your policy and when. You can also choose to lower the death benefit, or use your accumulated cash value to make your policy’s payments.

“I had no idea there was another option. All the late-night TV commercials only ever mentioned whole life insurance, so that’s what I went looking for. I’m so grateful that Debby took the time to show me another option. I almost gave up, and I probably would have if it weren’t for Debby.” – Rosa S.

Pros

• Flexible payment amounts, schedules, and death benefit mean you can continue to customize your coverage after your purchase.
• An affordable way to get coverage that lasts your whole life and doesn’t expire.
• Our current rising interest rates mean your cash value account will earn more than in a low-interest-rate economy.

Cons

• It’s up to you to make sure you pay enough money into your policy to keep it funded, with no lapse in coverage.
• Costs more than term life insurance (but less than whole life insurance).
• Your interest rate isn’t locked in, which is great when rates are high, but if they go down again, your cash value account could earn less than you’d like.

Your actual universal life insurance premium can only be determined by a full application and the carrier's underwriting process, which may include some medical testing at their expense. Depending on the carrier, premiums can be paid on an annual, semi-annual, quarterly or monthly basis. Monthly premium rates may be available via EFT (electronic funds transfer). Not all carrier policies are available at all durations for all ages in all states. By providing your phone number and the name of your wireless carrier, you agree to WholesaleInsurance.net's privacy policy and terms of use. You also agree to receive communication from us at the phone number(s) you provide. Our communication with you may include autodialed or pre-recorded calls, emails, and SMS or MMS messages. You may opt out at any time. You may also call us directly at (800) 823-4852.