Universal Life Insurance

Protection that can grow with your life. Universal Life Insurance is designed to protect the people you love if something happens to you. It is designed to provide lifelong coverage as long as the policy remains in force according to its terms. One feature that makes Universal Life Insurance different is that it also builds cash value. What is cash value? Think of cash value like a money bucket inside your life insurance policy. As you pay your premium, a portion may build cash value over time, depending on your policy. That money may continue to grow according to your policy's terms. Can I use the cash value? Yes... once enough cash value has built up, you may be able to borrow against it. For example... Imagine your policy has built $20,000 in cash value. Years later, your roof suddenly needs to be replaced. The repair costs $8,000. Instead of applying for a bank loan, your policy may allow you to borrow $8,000 from the cash value. If you repay the loan according to your policy's terms, your policy can continue as planned. If you choose not to repay it, the unpaid loan and interest may reduce the amount your loved ones receive later. Example : If you chose $ 100,000 in Universal Life Insurance , the cash value accumulated was $20,000, the policy loan was $8,000 and no repayments on the $8,000 loan were made the beneficiary would recieve what would be remaining minus interest on the loan . Lets use a possible scenario: If interest on the unpaid loan was $2000 and no loan repayment was made . the beneficiary would receive $ 90,000. This is an example solely for the Universal Life Insurance . Keep scrolling below for the example of cost and to the Ready to begin application form .