Life insurance comes with options. For those who want more than just a death benefit, options like universal life insurance can accomplish multiple goals at the same time. If you want a life insurance that can increase in value, then maybe universal life insurance has what you need.
What is Universal Life Insurance?
Universal life insurance is a permanent life insurance, meaning that it lasts until the policyholder dies or reaches a certain age. It also has cash value, unlike term life insurance. It does have relatively low premiums compared to other permanent life insurance options. It provides flexibility in terms of premiums and benefits. Any extra funds paid on top of the premiums will be added to the plan’s cash value.
Is Universal Life Insurance Right for You?
Universal life insurance might be right for you. If term life insurance and permanent life insurance both appeal to you, then universal life insurance could give you the best benefits of both. If you need flexibility from your insurance but also want investment options and cash value, the universal life insurance may provide the choice that you need.
Let Ami Ahuja Help
Deciding between universal life insurance and your other options? Have questions about how this life insurance works? Then you need a financial expert on your side. Let Ami Ahuja help. She can answer your questions and help you find the life insurance that will meet your needs. Contact Ami Ahuja today. She’ll make your life insurance choices clear and simple.