What Are the Benefits of a Universal Life Insurance Policy?
Universal Life Insurance is somewhat similar to a regular insurance policy, but the advantages are far greater. One benefit of a universal life insurance policy is that it offers flexibility and a higher potential for increased cash growth. It also allows you to modify your policy to suit your changing needs. For example, if things are going particularly well for you, you can increase the investment amount to take advantage of higher growth rates. Or, if things are not going very well you can use your cash and continue paying the minimum premium. Universal Life Insurance offers you more control and better protection with: 1- Flexible Premiums- You are the one in control of the amount and frequency of your premium payments. You have the option to either increase your premium or pay lump sums. The additional dollars will continue to grow tax-deferred and increase death benefit values. 2- Tax-Free Benefits- The proceeds generated on your universal insurance policy are tax-free. The policy
