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What is Universal Life Insurance?

What is Universal Life Insurance?

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What is Universal Life Insurance?

You’ve probably heard of term life insurance and whole life insurance, but what is universal life insurance? Universal life insurance or (ULI) is a type of permanent life insurance that offers coverage for your entire life. Read on to learn more about how (ULI) works and whether it might be right for you.

(ULI) is a type of permanent life insurance. This means that as long as you pay your premiums, the death benefit will be paid out to your beneficiaries when you pass away. (ULI) policies also build cash value over time, which you can access while you’re alive.

How Does (ULI) Work?

(ULI) policies have two components: the death benefit and the cash value. The death benefit is the amount of money that your beneficiaries will receive when you die. The cash value is the portion of your premium that is invested, similar to whole life insurance. The cash value grows tax-deferred, which means you won’t have to pay taxes on it until you withdraw the money.

One of the main advantages of (ULI) is that it offers flexible premiums. This means that you can adjust your premium payments up or down as your needs change over time. For example, if you have a baby or experience a major financial setback, you can reduce your premium payments temporarily without having to cancel your policy.

Is Universal Life Insurance Right for Me?

(ULI) might be right for you if you’re looking for a permanent life insurance policy with flexible premium payments. If you’re not sure whether (ULI) or another type of policy is right for you, talk to an independent insurance agent who can help you compare different types of policies and find the best option for your needs.


If you’re considering purchasing a life insurance policy, (ULI) might be worth considering. Universal life insurance offers coverage for your entire lifetime and builds cash value that you can access while alive. Premiums are also flexible,which means you can adjust them as needed over time. Talk to an independent agent to learn more about universal life insurance and whether it’s the right type of policy for you.


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