Universal Insurance

Universal Insurance

Universal life insurance is an all-in-one way to get the protection you need and build your savings. The policy combines life insurance protection for lifelong peace of mind with a broad range of investment account options for tax-preferred capital growth. You choose a death benefit for your beneficiaries and the payments you make above the cost of insurance can grow in a tax-preferred investment account. Or you can use them to increase the amount of your death benefit.

Why choose Universal Life Insurance?

  • Lifetime coverage: You will lifetime life insurance coverage. Your coverage does not end after certain period of time.
  • Flexible: Possibility to modify the face amount, cost of insurance options, frequency and premium amounts. You can also temporarily stop paying the premiums if you are in financial strain.
  • Increased cash flow: You could withdraw the funds from your policy to supplement your retirement income or in your time of illness.
  • Tax benefits: The amount contributed in excess to cover your cost of insurance grow in policy tax free basis if funds remain in policy.
  • Estate planning: Universal life is ideal way to grow to grow and protect your estate that you can pass to your beneficiaries.

Universal life is ideal for:

  • Individuals and families
  • Young professionals
  • High income earners
  • Business owners and corporations