Universal

Flexibility as your life changes

Universal life insurance provides the potential for protection for your entire life, while offering the flexibility to change your premium or face amount as your life takes twists and turns.

• Universal life insurance benefits
  • • Potential lifetime protection for your loved ones
    • Flexible premiums allow you to adjust your payments, or you can choose a fixed, consistent amount
    • Ability to adjust your benefit amount to align with your changing life – you may want more coverage as your family grows and later decide to reduce your benefit as your children gain independence²
    • Ability to build and use cash value on a tax-advantaged basis for unexpected expenses such as travel opportunities, supplemental retirement income or college funding
• Universal life insurance considerations
  • • If you do not pay enough premium, the policy may lapse
    • Loans and withdrawals will reduce both the death benefit and policy surrender value
    • Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender – consult your tax advisor when considering taking a policy loan