UNIVERSAL LIFE INSURANCE

Similar to Whole Life Insurance, UL insurance offers coverage for up to a lifetime, as long as premiums are paid. When you die, your loved ones will receive the "death benefit" (the monetary value) from your policy. The money will help your loved ones cover a number of expenses, including your funeral and any outstanding debts.

Universal Life Insurance through The Agency  Direct is one way to help protect  your life accomplishments and leave a legacy, so your family is not impacted with the financial burden of your death.

Right now, you may be a lone wolf, currently single and do not have a need for much coverage. But, look to the future and picture your life in 10 years. You might see a home filled with a loving spouse, a growing children or a beloved parent who needs your help financially. UL allows you to live in the moment without forgetting about the future. You can choose a benefit amount based on your current needs and then raise or lower it as life changes (based on approval from the life insurance provider).

It can also adapt to fit your budget, as you get to choose how much you want to pay for your policy (based on the options offered by your life insurance provider). It's important to note, however, that the amount and timing of your payments on your life insurance policy can affect how long you can continue coverage.

The unique flexibility of a Universal Life Insurance policy separates it from other types of permanent life insurance, which typically have a set benefit and payment amount.

Universal life insurance comes with many of the same features as other types of permanent life insurance, including "cash." With each payment you make toward your policy, a portion of it gets set aside for the future. If you leave the policy alone the money will continue to grow and help with your retirement fund. Another great feature is the federal income taxes are also deferred, so you don't have to pay them annually. Which means, when you die (we all will) your loved ones won't have to pay income taxes on life insurance proceeds they receive either. Sounds like a win-win situation. 

Our UL policies are designed to help meet the life insurance needs and financial goals of many of our clients. Maybe your goal is to ensure that your family doesn't have to shoulder the burden of your funeral costs. Or you might be looking for something that can help supplement your spouse's retirement fund.

Whatever your reason for seeking life insurance, we'd love to help.