Fixed and Indexed Universal Life
Considered the most flexible of all life insurance, universal life allows you to adjust the amount of your policy as well as the premiums you pay. If you wish, you can pay additional premiums to accumulate more savings throughout the years. You can also increase or decrease your death benefit depending on your life insurance needs. An increase in coverage may require additional laboratory exams.
Two of the most popular types of Universal Life policies are Fixed Universal Life and Indexed Universal Life. One of the main differences between them is how the policy interest is credited.
Traditional fixed universal life policy, the interest rate is declared by the company.
Index universal life credits interest based on changes in the value of a major market index. Both offer different degrees of guarantees and returns, depending on your decision for the risk. Our agents will provide complete information in explaining these policies to help make the best decision possible. These policies are considered the most beneficial for long term savings while still being covered throughout the years. You have the best of both worlds with savings and coverage all in one plan.