Universal Life Insurance Quotes
The essential function of life insurance is to protect your family’s financial well-being in the event of your untimely demise. Life insurance is a delicate topic that many people delay making a decision on until the last possible moment.
InsuranceUSA.com strives to make the process of buying life insurance as pleasant and efficient as possible, helping you avoid mistakes by having a competent grasp on how life insurance functions. We think you should know as much as possible so you can make informed policy choices.
When shopping for a life insurance policy, you will quickly find there are many different policies from which to choose. Fortunately, InsuranceUSA.com is here to help you cut through the confusion with clear and concise information on various life insurance types and plans.
Universal Life Insurance
Universal life insurance is a type of permanent policy. It accumulates cash value from premiums paid into the policy that exceed the actual cost of the insurance.
This cash value accrues over time and is tax deferred until you need to withdraw it. Other features of Universal life insurance include flexibility in the amount of insurance and benefits you want. It also gives you security by protecting your loved ones in the event of your death. Death benefits are generally dispersed tax-free to the beneficiary.
Universal life insurance also has a guaranteed interest rate. This means that over time, as it gains interest, the rate at which it grows is guaranteed to never drop below a pre-determined level.
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When shopping for a life insurance policy, you will quickly find there are many from which to choose. Different insurance companies often offer rates that differ greatly, and it pays to shop carefully for the lowest premiums, excellent customer service, and a strong financial reputation.
So what are you waiting for? InsuranceUSA.com is here to help you find the life insurance policy that best fits you and your personal situation while remaining affordable. Get started now and sleep well at night knowing your family and loved ones will be provided for, no matter what happens!