We are licensed with one priority—you and your family. Therefore, our team is strongly committed to helping you find the best annuity, life and health insurance coverage policies customized to fit your needs, goals, and budget so that you and your family can experience and enjoy the best things in life worry-free!
The Universal Life Insurance policy is also called adjustable life insurance policy because it offers more flexibility than term or whole life insurance policies. The highlights of the policy are its death benefit, saving element, and low premium.
The policy offers flexibility to policyholders to adjust premiums and death benefits. Another aspect that makes this policy different is that its premium consists of two components:
Furthermore, the Universal Insurance Policyholders have the option to pay the premium above the minimum required amount for life insurance coverage. Besides this, you can shift money from the saving component when needed and premiums can be paid from your accumulated savings.
For instance, let’s say John bought a UL policy with a $25 monthly premium. Every month he pays $50. The premium $25 will goes to the policy and rest $25will be added to his tax-deferred saving component of the UL policy. After some time, he will be able to pay a monthly premium from his savings. Also, as the interest rate on the UL saving component is higher than the bank rate, it helps build up saving faster than the bank savings.
If you need more information about Universal Life Insurance policy or need assistance finding the best policy, contact our agent today.
If we add these together it becomes a very safe and secure investment for you and the family, such as if you live up to 90 year, you can enjoy retirement at any age 45, 50, 55, 60 or 65.
Unfortunately, if you have a heart attack or stroke, the medical part of the insurance will pay for treatment. If you pass away early, your family gets a tax free death benefit. Otherwise you will enjoy retirement. As well as it will pay for critical illness or terminal illness, or chronic illness
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