Universal Life Insurance

Universal Life Insurance is a flexible life insurance policy that combines a death benefit with a savings component called cash value. You pay premiums that cover the cost of insurance, and any extra funds go into the cash value, which earns interest. You can adjust your premiums and death benefit within certain limits, allowing for adaptable coverage over time. The cash value grows tax-deferred and can be borrowed against or used to pay premiums. It provides lifelong coverage with the flexibility to customize your policy as your financial situation changes.