Universal life insurance is like to term life insurance, but adds a cash value component.
So, part of each premium goes towards the cost of insurance for the policy, and the remainder goes into a cash value account inside the policy.
There several kinds of universal life insurance policies:
- Hybrid Universal Life
- Guaranteed Universal Life
- Adjustable Universal Life
- Variable Universal Life
Whether you have coverage now, or are considering new universal life coverage, you can learn more about each topic by selecting one of our links for more detailed information.
Universal Life Insurance Reference Guide
Convertible term life insurance allows active policyholders to extend or convert to permanent coverage with no questions asked. If you have an active convertible term insurance policy you have taken a major step towards securing your family’s future. However, most people outlive their initial term coverage without realizing that the
Did you purchase flexible premium adjustable life insurance policy in the 1980s or early 1990s? You may have received a letter from your insurer claiming that your adjustable life insurance policy is not performing as originally illustrated. Policyholders getting these notices are usually required to contribute additional premiums to prevent
Are you unhappy with the performance of either your current universal life or whole life insurance policy? Good news, you can use the IRS’s 1035 exchange rules for life insurance to your advantage. If you have accumulated excess cash values or have poor performing permanent policy, you can use a
Do you need a permanent life insurance policy? But, have been procrastinating because you are concerned about the high cost of permanent coverage. Then, you really should take a serious look at the new guaranteed universal life insurance policy (GUL). Modern guaranteed universal life insurance is very affordable and can
Many wealthy people use survivorship life insurance, also known as “second-to-die life insurance”and “joint survivor life insurance to protect their estate. A survivorship life insurance policy is set up to insure married couples, and does not pay out until the surviving spouse dies. Survivorship life insurance allows wealthy couples with
Most consumers looking to maintain life insurance coverage for specific shorter period of time typically only consider term life insurance product. What if you would like coverage for even a longer period of time or to a specific age? Policyholders who are not interested in cash values and need a longer
Universal Life Insurance Quotes
If you already have a general knowledge of the type of universal life policy you are looking for use Instant Life Insurance Quote for a quick premium quote.
You calculate the premiums for universal life by electing the age you wish to guarantee your coverage. (i.e age 90, 95, or 100)
These popular life insurance polices are always customized to your unique needs and budget.
If you need assistance in your search, please do not hesitate to call us 1-877-249-1358.