Universal Life Insurance
Universal life is permanent, flexible insurance coverage. It includes the opportunity to adjust the premium and the death benefit, as well as accumulate cash value on a tax-deferred basis.
Call us for a quote or questions regarding Medicare Supplement Plans at 713-369-0997
Universal life coverage may be right if you
- Require coverage for a certain period of time, such as until your children are grown
- Want to help your family maintain their lifestyle or stay in their current home if you’re no longer around
- Need to make sure debts, such as a car loan or credit card, are paid off
- Are just entering your prime earning years and need an affordable premium
What is included in a universal life insurance policy?
Permanent Coverage
A fixed death benefit that pays your beneficiary if you pass away during the term.
Tax Advantages
High coverage amounts relative to the price that may replace your lost income.
Accelerated Death Benefits
Premiums will never increase throughout the life of the policy.
Flexible Premiums and Benefits
Option to convert to a permanent plan.
Our Universal Life Insurance Products
Life Protection Advantage™
Indexed Universal Life
- Offers permanent life insurance coverage with a death benefit that can be guaranteed through age 85***** - and, perhaps longer—as long as you pay the no-lapse premium or greater
- Has the potential for greater cash value accumulation than traditional fixed-interest universal life insurance. Downside protection that guarantees you will recieve no less than 0 percent, even if the percentage change in the market index is negative .
- Provides flexibility for the future through accessible cash value as well as included accelerated death benefit and guaranteed refund option riders
Income Advantage™
Indexed Universal Life
- Permanent life insurance coverage
- Can build cash value based on selected interest-crediting options tied to the performance of a market index — your money is never actually invested in the market
- Emphasizes cash growth potential more than Life Protection Advantage, which may result in even greater future income potential
- Downside protection that guarantees you will receive no less than 0 percent even if the percentage change in the market index is negative
AccumUL Answers
Indexed Life
- Offers permanent life insurance coverage
- Accumulates cash value using a declared interest rate, guaranteed to earn at least 2 percent annually
- Focuses on greater cash accumulation which leads to more future income potential
Frequently Asked Questions
Like whole life plans, most term life plans have a fixed premium and fixed death benefit.
However, whole life provides benefits for the rest of the insured person’s life,
whereas term life only lasts for a specific period of time. In addition, a whole life policy includes cash value,
whereas a term life policy only includes the death benefit. On the other hand,
term life has a lower premium per dollar of coverage and significantly larger death benefits are available.
Whole life and universal life are both types of permanent life insurance,
so they have many characteristics in common. Both whole life and universal
life provide a death benefit for the rest of the insured person’s life.
The main difference is that whole life has a fixed premium and a fixed benefit,
whereas universal life has more flexibility — but that flexibility also comes with more risk, as the premium might increase.
In general, whole life is a highly affordable type of insurance, and the premium will never increase.
Your premium takes into account your current age at the time of issue, your gender, and your death benefit amount.
The Living Promise plan also takes health and tobacco use into account, but the Guaranteed Plus plan does not.
On average, we complete this process in less than one month. You simply need to contact an agent to help you complete your application for review. If a medical examination or more questions are required, we will contact you within a week. When all requirements are in, we evaluate your application; if approved, your insurance policy is then issued and delivered to you.
Because universal life is such a personalized product that needs to be tailored to your individual needs, we require that you work with an agent instead of offering an online universal life insurance quote. Your agent will ask you questions about your family, life situation, and financial needs to help you develop your goals, then clarify your options and help you choose the right policy to achieve your goals. Your agent will also answer your questions and help you implement your life insurance plan.
Life Insurance Basics
Basic Information about Life Insurance- ife insurance coverage is your opportunity to provide for and protect the people you love most. By putting a plan in place to cover expenses that would occur in the event of your death, you can help secure their long-term financial future.
Compare Life Insurance Products
If you’re looking for the best life insurance policy for you, you need to consider your budget and your financial needs. We’ve created this quick comparison chart to help you make an informed decision. can cover burial expenses, is wise, even if a funeral seems far away
