Universal Life Insurance |
Universal life insurance is similar to whole life insurance in the manner that it offers death benefits up to age 100 and it builds cash value. Universal life insurance offers partial withdrawals of the cash values as opposed to loans with whole life policies. Our company offers plans that allow the cash accumulation of the account to be tied to an equity index. Additional benefits can include guaranteed interest rates, no lapse-guarantees, child riders, death benefit options, accelerated death benefits and non-medical examinations.
Benefits
- The death benefit paid to the beneficiary is tax-free.
- The policy owner can make withdrawals from the cash value of the policy.
Your Choice
- Guaranteed Rates - Cash accumulation is based on guaranteed interest rates.
- Equity Index - Cash accumulation is based on major market performance without the possibility of loss.
- Death Benefit Options - Receive lump sum payments. Receive a specified amount of monthly payments in the event of disability.
- Waiver of Premium Benefit - Your premiums are paid in the event that you become disabled.
- Critical Illness Benefit - You have the option of receiving a lump sum in the event that you are diagnosed with a critical illness, such as cancer.
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