Universal Life Insurance

Control how you save, spend and protect your assets

Universal life insurance provides important insurance protection while offering the opportunity to build cash value. Because it's flexible, you can adjust benefits as your needs change. Some changes may require underwriting approval. Key benefits include:

  • An income tax-free death benefit to your heirs
  • Tax-deferred growth of your assets
  • Optional no lapse guarantees (All guarantees are based on the continued claims-paying ability of the issuing company.)
  • Guaranteed minimum fixed interest rate
  • Flexible death benefit and premium amounts
  • A source of income tax-free access to your cash value (when properly structured) for:
    • Emergencies
    • College education
    • Retirement income
    • Other needs

Benefits of indexed universal life include:

  • Index-linked interest crediting for greater growth potential
  • Downside protection from negative market returns

Learn more about our universal life insurance offerings:

Before you purchase, be sure to ask your sales representative about the life insurance policy's features, benefits and fees, and whether the life insurance is appropriate for you, based upon your financial situation and objectives.
Accessing policy cash value through loans and surrenders may cause a permanent reduction of policy cash values, death benefit, and negate any guarantees against lapse. Surrender charges may apply to the policy and loans may be subject to interest charges. Although loans are generally not taxable, there may be tax consequences if the policy lapses, is surrendered or exchanged with an outstanding loan. Taxable income could exceed the amount of proceeds actually available. Surrenders are generally taxable to the extent they exceed the remaining investment in the policy. If the policy is a modified endowment contract (MEC), pre-death distributions, including loans, from the policy are taxed on an income-first basis, and there may also be a 10% federal income tax penalty for distributions of earnings prior to age 59-½.