Features & Benefits
VUL insurance combines the security of life insurance with the potential for investment growth.
Investment Growth Potential
Your cash value can be allocated to a variety of investment options, giving you the potential for market-linked growth over time.
Permanent Protection
Provides lifelong coverage as long as your policy remains in force, ensuring your loved ones are always protected.
Flexible Premiums
Adjust your premium payments based on your financial situation. Pay more when you can, or reduce payments when needed.
Tax-Advantaged Growth
Cash value grows tax-deferred, and you may be able to access funds through loans or withdrawals for various needs.
Term Life features and benefits
Death benefits
Most Variable Universal Life (VUL) policies let you choose between a level death benefit or one that includes account value. This death benefit can help replace lost income, create a lasting legacy for your loved ones, or be used however you see fit.
Account value potential
The premium amount you choose to pay can help your policy build account value. If it accumulates sufficient value, you can borrow from your policy for any purpose you decide
.
Flexible premiums
As long as your account holds enough value to cover the monthly insurance costs and administrative fees, you have the flexibility to adjust your premium payments. Within set limits, you can choose how much to pay and when.
Investment options
With VUL, you can distribute your net premium dollars between various investment options or the Guaranteed Principal Account (GPA). The GPA is a fixed account where allocated amounts accrue guaranteed daily interest.
What is the process for getting a variable universal life insurance policy?
1
Analyze
During your first phone call, your financial professional will ask key questions to understand your goals and objectives.
2
Recommend
After reviewing your full financial picture, your financial professional will suggest solutions to fill any gaps, helping you select the best products for your needs.
3
Purchase
If you agree with their recommendations, they will assist you in securing the necessary products and services to help safeguard your financial future, which may include a medical exam.
4
Review
Your financial professional will provide ongoing support through periodic reviews, ensuring your strategies remain effective and continue to align with your financial goals.