UNIVERSAL LIFE POLICY

Flexible premiums with great cash value potential

Universal Life Agents

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UNIVERSAL LIFE POLICY

Flexible premiums with great cash value potential

Universal Life Policy – Universal Life Quotes

Get a flexible, permanent universal life policy that lasts a lifetime and has the ability to build tax-deferred cash values. Determine your policy and payment size, subject to policy minimums. This coverage allows you to make changes to it as your needs change.

What Stands Out With A Universal Life Policy?

Permanent Life Insurance

1

Flexibility

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Guaranteed Death Benefit

What is universal life insurance?

Universal life insurance is a permanent insurance policy, which means it provides coverage for life. When the policyholder dies, the plan leaves a guaranteed amount of money to the beneficiaries on file. This amount is called a death benefit.

In addition to the death benefit, a universal life policy also contains cash value. The cash value grows tax-deferred, or tax free depending on the plan, until funds are withdrawn.

Universal life insurance provides an additional level of flexibility, which makes it stand out from Term and Whole life insurance. It allows policy owners to modify the amount and frequency of premium payments as long as there is sufficient cash value in the policy to cover monthly deductions.

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Get Universal Life Insurance Through Our A Rated Partners Who’ve Been In The Indusrty For Over 100 Years

we provide these plans with all our partners, these are just the featured options

transamerica term life insurance policy

Transamerica

Choose Transamerica whose been helping the financial state of million of americans for over a century now, becoming one of the most top rated life insurance companies.
mutual of omaha term life insurance policy

Mutual of Omaha

Choose term life plans from a company that has been helping individuals, families, and businesses through life’s transitions for over a century now.
transamerica term life insurance policy

AIG

Choose AIG Direct, a growing company with over 88 million customers that seek the help customers save, while still getting the coverage they need.

What’s Popular?

Lost in the options? Local Life Pro will make it easiest to find the best universal life policy online. Use our following chart to find out which company our clients chose most for having universal life insurance.

  • Transamerica 59%
  • mutual of omaha 27%
  • aig direct 12%

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Obtaining A Universal Life Policy / Universal Life Quotes

A guaranteed universal life policy can be a perfect fit for final expense insurance, which typically have low face value and are purchased to cover the cost of burial and other final expenses.

Discover a Universal Life Policy that can help provide coverage for a variety of situations such as:

  • Charitable Contributions
  • Children
  • Estate Tax
  • Final Expenses
  • Inheritance
  • Retirement Income
  • Special-needs Family Members
  • Small Business Owners

Universal Life Policy: Values Of The Policy

Flexibility:

You can choose to pay either higher or lower premiums if your financial circumstances fluctuate. Even if your income is steady, you can opt to pay a lower premium when the market is performing poorly and up the premium when the market is bullish to make more of your interest crediting strategy.

Interest Strategy Choices:

With a Universal Life Policy, you have control on where to put the cash accumulation. The insurance company will even provide several strategic options. You may pick an equity index strategy, a guaranteed one year term deposit, or a general interest account based on current rates.

Permanent Coverage:

You get coverage for your entire life, as long as you keep up with the premiums.

Cash Value Availability:

As you increase the value of the policy over time, you might wonder what happens if you get jammed up financially. Will you have to cancel the policy to get the cash value? No, you can keep the policy in force and your family protected at the same time. You can borrow or even withdraw the cash value you have built up to date and retain not only the unused portion of the cash value but the availability of death benefits.

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WHAT ARE THE FEATURES OF UNIVERSAL LIFE COVERAGE?
  • Your benefit and premium amounts are flexible
  • This coverage can build cash value.
  • You can keep the coverage even if you leave state employment or retire.
CAN I DECREASE MY UNIVERSAL LIFE COVERAGE?
Yes. A request to decrease your coverage may be submitted at any time. Decreases may not reduce the coverage to less than $5,000 and are also subject to limitations based on IRS guidelines
WHAT HAPPENS IF MY EMPLOYMENT ENDS?

When you are no longer employed by the State,payroll deduction will not be available. Unum willcontact you at your last known address to informyou of your options to continue life insurancecoverage. You will have the option to continue your coverage regardless of age.

COMPARE UNIVERSAL LIFE INSURANCE TO OTHER TYPES OF COVERAGE

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Speak With A Local Life Insurance Agent

Local Life Pro has over a thousand certified, licensed life insurance agents scattered throughout the 50 states. We guarantee to have one nearby that knows all the plans in your area, as well as granting you the opportunity to meet in person to discuss better plans available. Your information is safe with us. Fill out the form to have a agent call you shortly.

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