Permanent Life Insurance
Universal Life Is For:
- people who plan
to carry life insurance all of their lives
- people who want to earn interest
Universal life insurance (UL) is designed to be lifelong coverage. The premiums pay for the insurance coverage and build an interest-earning side fund called "cash surrender value."
You can use this cash surrender value to pay the premiums or to borrow against. If you cancel the policy, you will receive this cash surrender value.
With universal life you can increase or decrease the amount of coverage and vary your premium amounts.
ViaMax UL International
ViaMax UL International has a flexible premium strategy.
ViaMax UL International also gives you liquidity - the flexibility of early withdrawal through low-interest loans.
Features
- Four rate classes so your premium payment is tailored to your health and fitness
- Access to your cash accumulation with low-net-cost loans
- Minimum coverage as low as $50,000
- Guaranteed minimum interest rate
- Riders - Waiver of Premium, Accidental Death Benefit, Accidental Death, Dismemberment and Spousal Rider.
- Adjustable coverage
levels; adjustable premiums
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Universal life policies let you vary your premium payments. That flexibility can be helpful, but it may also mean your payments won't be enough to keep your policy going long-term.