Universal Life Insurance

Universal Life comes in a variety of shapes and sizes. It can function like long-term term insurance. I can offer a guaranteed Death Benefit for a guaranteed premium for whatever period of time the client selects. It is the type of life insurance most often used for long term needs if cash value is not desired. One reason is because it has the lowest long-term cost of any permanent policy. Universal Life can be for both individuals and also second to die.

On the other hand, if cash value is desired, index universal life is ideal. The interest rate for the policy, reflects the returns on the S&P 500. With specially designed policies, the internal cost of insurance can almost be eliminated allowing for maximum cash value growth on a tax deferred basis. And, when desired, a stream of income can come out of the policy on a income tax free basis. A great retirement vehicle.

Universal Life Insurance February 23, 2017


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