Universal life insurance may be a good choice when you’re looking for permanent life insurance coverage to protect you and your family or business against financial loss from your premature death. As a Universal Life Insurance policy owner, you can retain control and change many features of your policy - it’s a product that easily adapts to the changes in your life. Some Universal Life Insurance policies will offer you a secondary guarantee, meaning the policy will not lapse if certain conditions are met. Depending on the premium you choose to pay, your Universal Life Insurance policy may accumulate tax-deferred cash value, which you may access as a benefit while you are living. You may borrow from the Universal Life Insurance policy to supplement your retirement income, provide funds for a child’s college education or any purpose you choose – an important financial safety net should you need it. If cash is taken from your Universal Life Insurance Policy as a living benefit, the policy’s death benefit is then reduced by any outstanding loan and interest. Universal Life Insurance provides you with death benefit protection along with options and features to meet your changing needs. It’s life insurance for your lifetime.

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