Universal life insurance is a type of coverage that combines permanent protection with adjustable premiums and death benefits, offering the flexibility to adapt your insurance as your life changes.
This versatility makes it an attractive option for those seeking long-term insurance protection with investment features.
Understanding Universal Life Insurance
Universal life insurance allows you to adjust both your premium payments and death benefit within certain limits. This flexibility helps you manage your coverage during different financial seasons of life. Like whole life insurance, universal life insurance policies build cash value that grows tax-deferred, but they often offer different investment options for potential growth.
When Universal Life Insurance Makes Sense
Universal life insurance works well for those seeking permanent protection with more control over their policy’s components. The ability to adjust premiums and death benefits can be particularly valuable when your financial situation or insurance needs change over time.
At Rehm Insurance, we are here to help you understand how universal life insurance can provide the protection and flexibility your family needs. Let’s discuss whether this adaptable coverage fits your long-term financial strategy!