Universal Life

Life insurance may be one of the most important purchases you’ll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children’s education or even protect your spouse’s retirement plans.

There are several types of life insurance. How much you need and what type is right for you depends on your needs and circumstances.

Universal Life Insurance

Life insurance is an important part of your financial plan and can help you protect your family and business by providing a death benefit to your beneficiaries. Universal life insurance can provide life insurance protection, flexible premiums, cash accumulation and the ability to customize the policy to fit your needs.


Universal life insurance can provide affordable protection for your family or business. The death benefit is payable to beneficiaries tax free to help meet the needs of those you leave behind.

Flexible Premium Payment

As a flexible premium policy, you can pay less premiums when money is tight, and more when you want to increase the policy’s cash value or increase the death benefit.

Wealth Accumulation

Universal life policies can build cash value on a tax-deferred basis so your money can work for you over the long term. You can use the funds to pay for college expenses or to supplement your retirement income. Withdrawals and loans will reduce available death benefit and policy value.

Withdrawals beyond basis may be taxable income. Excessive and unpaid loans will reduce death benefits and policy value and may cause the policy to lapse.