shopify analytics ecommerce
tracking

Universal Life Insurance Policy

Tailor Universal Life To Fit Your Need

The universal life insurance policy is made up of term life insurance combined with a saving element.

The policy allows for flexibility in the amount of premium applied to saving and the amount applied to the purchase of life insurance protection.

The policyholder can, if he wills it, adjust the properties of his or her universal life insurance policy as seem fit.

He can increase or reduce the amount of insurance at any time. If s/he is increasing it, however, the life insurance company may require evidence of insure-ability.

This policy is so flexible the policy owner can increase or decrease the savings element at any time as well.


Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here


Advantages Of The Universal Life Insurance Policy.

  • The face amount is level and is paid upon the death of the policy owner.
  • A face amount that is usually free from income taxes at death.
  • The policy owner can change the amount of insurance during the time that the policy is in force. If an increase is required evidence of insurability might be needed by the company.
  • Flexibility of the policy allows for an upward or downward change in the amount of saving.
  • This policy accumulates cash values tax deferred. In the event of an emergency this cash can be accessed by the policy owner.
  • If the policy earns cash values the death benefit usually increases accordingly.

Disadvantages Of The Universal Life Insurance Policy.

  • The premiums are a little high. Term life insurance by itself is cheaper. If you want to save money the extra premium may be worth it.
  • A fall in interest rates may result in the requirement of an increase in the amount of premium needed to keep the insurance in force.

    The policy may lapse if the premium is not increased. As an alternative in this situation the insured may want to reduce the amount of insurance to prevent it from going into a state of lapse.

Waiver Of Premium Rider Can Add Value To Your Universal Life Policy.

The waiver of premium rider may be added to this policy, however, it usually is only applied to the portion of the premium that pays for the death benefit.

If the policy owner should become disabled the company will waive the premiums any time after six months of disability even if you are disabled for the rest of your life.

If ever you are able to go back to work again you start paying your premiums again, you don't owe the life insurance company any money for paying the premiums during your disability.

All in all the universal life insurance policy is one of the best alternatives to term life insurance if you can afford the extra premium.


What will happen to your family when you die? Have they been provided for? Life Insurance is the solution and we can help. Compare Multiple Quotes from Highly Ranked Carriers and Save up to 70%! Getting your quote is easy and FREE. Click Here And Buy Now


Home Universal Life Insurance Policy Universal Life Insurance Universal Life Insurance Quote Permanent Life Insurance Variable Universal Life Insurance Variable Life Insurance Level Term Life Insurance Financial Security Affordable Life Insurance Quote Low Cost Life Insurance Disability Insurance Financial Security How Much Life Insurance Instant Term Life Insurance Inexpensive Term Life Insurance Life Insurance Income Low Cost Life Insurance Long Term Care Insurance Medical Examinations Mortgage Life Insurance Online Insurance Quotes Online Life Insurance Professional Disability Insurance Retirement Planning Term Life Insurance Rates Term Life Insurance Vs Permanent Term Life Insurance Quotation Types Of Life Insurance Policies Viatical Settlements Investments

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Term Life Insurance - Everything You Want To Know

    Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.

    Read More

  2. Whole Life Insurance Options - Basic And Alternative Whole Life Plans Explained

    Whole life insurance is the plan of choice for many people. There are many variations to this plan.

    Read More

  3. Universal Life - Extending The Possibilities

    Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.

    Read More

  4. Term Insurance Quotes - Prepare Before You Get Quotes

    Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?

    Read More

  5. Term Insurance Online - Buy Term Life Insurance Online

    In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.

    Read More