It’s the lifetime protection and flexibility of universal life insurance that attracts many people to this type of coverage. Our universal life products offer all this, plus predictable features and extras to protect the specific goals they have in life.
Why offer universal life insurance?
Customers who want permanent protection with flexible options will enjoy these benefits:
Compare different types of universal life insurance
Get a quick overview of two types of universal life insurance and considerations for each one.
Guaranteed universal life insurance
Can come with a variety of options but typically offers cash value, flexible premium payments and lifetime coverage
Key highlights
- Lifetime death benefit coverage
- Flexible premiums
- Minimum guaranteed interest rate
- Cash value growth potential and access
Indexed universal life insurance
Offers potential cash value accumulation based on positive index performance, but unlike variable universal life insurance, earnings are typically protected from downside risk, subject to a floor
Key highlights
- Lifetime death benefit coverage
- Flexible premiums
- Cash value growth potential based on index performance and cap rate
- Downside market protection
Considerations
- Policy fees and expenses might be higher than with other policies
- Earning potential is lower than variable universal life because most policies are subject to cap rates
Variable universal life insurance
Similar to indexed universal life insurance, but premium payments can be allocated among different investment options to offer the potential for even greater cash value accumulation
Key highlights
- Lifetime death benefit coverage
- Flexible premiums
- Cash value growth potential and access
- Cash value is invested without the limit of a cap
Considerations
- Investment expenses apply
- Policy has downside risk if investment options lose value
- Customers may have to pay higher premiums to keep their policy in force
Explore our universal life solutions
Learn about the key benefits and features of our universal life products, each designed to protect specific customer goals.
Other related topics
Term life offers simple, affordable protection for a certain time
Indexed universal life for protection and index-linked growth
Optional benefits to meet your customers' unique protection needs
We’re here for you
We’re ready to help you deliver the protection and security customers deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
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