Universal Life Insurance – An Easy to Follow Reference Guide

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 such as hybrid universal life, universal life, and 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.

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).

Do you already own either Term or Universal Life?

Convertible Term Life Insurance

If you have an active 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 duration of coverage could have been extended by exercising a conversion option.

Convertible term life insurance allows active policyholders to convert to permanent coverage with no questions asked.When converting (extending) your existing term life to permanent insurance, you will not have to answer questions about your health or take a new medical exam. The policy will be issued at the same rate class as when you initially purchased your term life policy. […]


Surprise Ending for Adjustable Life Insurance?

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 universal life insurance policy is not performing as originally illustrated. Policyholders getting these notices are usually required to contribute additional premiums to prevent their universal life coverage from  lapsing sooner then initially projected.

If interest sensitive universal life is permanent insurance, how did this happen? An extremely long period of low interest rats has caused a shortage in policyholder cash values requiring additional payments in order to maintain coverage.

Many interest sensitive universal life policy-holders use a life insurance agent to conduct a policy audit. A life insurance specialist is familiar with many insurance policies, and can evaluate the best strategy either to rescue your policy, or buy new coverage. […]


Are you Looking into Purchasing a new Universal Life Policy?

Universal Life Policy

Great! Today’s insurance buyers are lucky because most universal life policies now offer contractually guaranteed premiums by the life insurance company.

You have two concepts to consider when looking into modern universal life policies.

  • These  policies can be designed for lower premiums with little cash value accumulation
  • These policies can also be structured with higher payments and more cash accumulation.

Hybrid Universal Life Insurance

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 duration should consider hybrid universal life. If you buy a hybrid universal life policy, the premium and death benefit can be guaranteed to last until any age.

Hybrid universal life combines elements of both term life coverage and universal life. These lifetime plans do not accumulate much cash value, but premiums can be guaranteed for selected for periods of time, or to a specific age. So, premiums can be scaled to coordinate with your desired budget and the face amount required. […]

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There are a number of different permanent life insurance policies such as universal life, variable life, and whole life. How can you make sense of all the different types of policies, and know that you’re making the best choice? If you need reasonable permanent life insurance rates, then no lapse universal life insurance (GUL)  could be a great product for you.


These popular life insurance polices are always customized to your unique needs and budget.

You can use our affordable Life Insurance Quote  calculator for the estimated premium for universal life, by selecting the duration you wish to guarantee your coverage. (i.e age 90, 95, or 100).

If you need assistance in your search, please do not hesitate to call us 1-877-249-1358.