What Is Universal Life Insurance?
Universal life insurance is a permanent life insurance policy that provides lifetime coverage — along with a flexible savings component that builds cash value over time.
It’s a great option if you want coverage that adjusts to your needs while also helping you grow funds you can access during your lifetime.
How It Works
- You make monthly or annual payments
- A portion goes toward the death benefit
- The rest builds tax-deferred cash value
- You can access that value later for emergencies or financial planning
It combines protection and flexibility — and we help you understand if it’s the right fit for your goals.
Benefits of Universal Life
Lifelong Protection
Your coverage never expires as long as premiums are paid.
Flexible Payments
You may be able to adjust how much and when you pay (within limits).
Cash Value Growth
Your policy builds value you can borrow or use later in life.
Legacy Planning
A smart way to leave financial support for family, charities, or final wishes.
Universal Life FAQs
What’s the difference between universal life and whole life insurance?
Universal life offers more flexibility — you can adjust your premiums and death benefit over time.
Whole life policies are more fixed, with set premiums and guaranteed growth.
Can I change my coverage amount later?
Yes. With universal life, you may be able to increase or decrease your death benefit, depending on the policy terms and your health.
Does this policy build cash value?
Yes. A portion of your premium goes into a cash value account, which can grow over time and may be borrowed or withdrawn under certain conditions.
Can I borrow from the policy?
Yes, many universal life policies allow policy loans from the cash value.
We explain how this works and any impact on the death benefit.
Is this a good option for legacy or estate planning?
It can be. Universal life is often used for leaving a financial gift, covering final expenses, or helping pay estate taxes — while offering flexibility and lifetime protection.
Do the premiums ever increase?
While the policy is flexible, minimum premium levels must be met to keep the coverage active.
We help you understand exactly how to manage it.