Flexible coverage that adapts to your life
Universal life insurance offers permanent coverage with the flexibility to adjust your premiums and death benefit as your needs change. It combines lifelong protection with a cash value component that earns interest based on market conditions or a guaranteed minimum rate.
Adjust your premium payments and coverage amount as your financial situation evolves over time.
Cash value can earn interest based on market indexes, with a guaranteed minimum floor to protect against losses.
See exactly how your premium is allocated between insurance costs, fees, and cash value accumulation.
Pay more when you can afford it or reduce payments during tight months — within policy guidelines.
Universal life offers more flexibility — you can adjust premiums and death benefits. Whole life has fixed premiums and guaranteed cash value growth. Universal life's cash value growth depends on credited interest rates, which may be higher but aren't guaranteed.
Indexed universal life (IUL) ties cash value growth to a market index like the S&P 500. You participate in market gains up to a cap, with a guaranteed floor (often 0-1%) protecting against market losses.
Yes, if the cash value is insufficient to cover the cost of insurance and you don't pay enough premium, the policy can lapse. Regular monitoring and adequate funding are important.
Universal life is ideal for individuals who want permanent coverage but need flexibility — such as business owners with variable income, high-net-worth individuals for estate planning, or those seeking tax-advantaged growth.
Talk to one of our licensed advisors to find the perfect Universal Life Insurance plan for you.