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Insurance > Index Universal Life Insurance
Index Universal Life
Life is constantly changing, and you need insurance that adapts with you. A universal life insurance policy provides permanent coverage with flexible premiums, allowing you to adjust payments annually or even monthly, as long as you maintain sufficient account value. You can also opt for a policy with a guaranteed death benefit, ensuring your family receives a lump sum payout in the event of your passing.
Who should consider Term life insurance?
Universal life insurance offers protection for your family or business with flexible premiums, allowing you to pay on your own schedule. These policies can also accumulate cash value, which you can use for any purpose. The flexibility of universal life premiums is particularly beneficial for business owners or individuals with fluctuating income, providing adaptable financial security.
Index Universal Life features and benefits
Death benefits
Universal life insurance offers lifelong protection, ensuring your family is financially secure in the event of your passing. Certain policies provide the option to guarantee the death benefit, provided the required premiums are paid.
Flexible premiums
As long as your policy holds sufficient value to cover insurance costs and administrative fees, you can adjust your premium payments within set limits. This flexibility allows you to contribute more at times and reduce payments when necessary.
Build account value
The premium amount you choose to pay can help your policy build account value. If it accumulates sufficient value, you can borrow from your policy for any purpose you decide.
What is the process for getting a term Index Universal insurance policy?
01
Analyze
During your first phone call, your financial professional will ask key questions to understand your goals and objectives.
02
Recommend
After reviewing your full financial picture, your financial professional will suggest solutions to fill any gaps, helping you select the best products for your needs.
03
Purchase
If you agree with their recommendations, they will assist you in securing the necessary products and services to help safeguard your financial future, which may include a medical exam.
04
Review
Your financial professional will provide ongoing support through periodic reviews, ensuring your strategies remain effective and continue to align with your financial goals.