Universal Life Insurance
Universal Life insurance is a flexible life insurance policy that combines the benefits of permanent life insurance protection and cash values with the convenience of flexible premiums and payment schedules. This product allows you to take tax-free income through a loan provision from your contract while at the same time providing a tax-free death benefit. This often looks like a Roth IRA on steroids. Cash value accumulations grow tax-deferred at a competitive interest rate. Should your protection need grow, you have the ability to increase your policy’s coverage amount. You can also find that they have survivorship benefits so that you will not have to worry about your loved ones or business if you are no longer living.