Coverage
Universal Life Insurance
Flexible premiums and adjustable coverage that grows with you.
Reviewed by Josef Doney, Licensed Health Insurance Agent & Agency Principal
Life insurance provides essential financial aid and peace of mind for your loved ones. Universal life coverage maintains protection throughout the insured's lifetime.
What Is a Universal Life Insurance Policy?
Universal life is a form of permanent life insurance that combines a death benefit with a cash value account and flexible premiums. Unlike whole life insurance, which locks in fixed premiums, universal life lets you adjust what you pay — within limits — as your finances change.
Policy Benefits
- Option to withdraw or borrow — Premium payments build cash value
- Interest gains — Policy cash value can accrue interest
- Flexible premiums — Ability to decrease or eliminate premiums if cash value covers payments
- Adjustable death benefits — Some providers allow adjustment of beneficiary payouts
Guaranteed Universal Life Insurance
Guaranteed universal life (GUL) emphasizes a death benefit that's guaranteed to a chosen age (often 90–121) with minimal cash value accumulation — frequently the most affordable way to lock in permanent coverage with predictable premiums.
Our agents have the expertise to put together coverage that will provide peace of mind and financial relief.
Universal Life Insurance FAQs
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