Florida Universal Life Insurance

Universal life policy or UL policy which some call it, is similar to whole life in that it can protect you for your entire life. One of the major advantages is that the premiums are flexible.

Since the premiums are flexible, you can pay a minimal amount specified in the policy, to a maximum amount that is allowed in the policy, skip a payment here and there or add additional funds to the policy. Th biggest difference between a UL policy and a whole life policy is that the policy shifts the much of the risk for maintaining the the death benefit to the owner of the policy. With whole like to make it simple as long as you pay the premium the death benefit is guaranteed till the maturity date of the policy.With a universal life policy it will laps if the cash value is no longer sufficient to cover the cost of insurance and administrative expenses.

Most UL policies have a secondary guarantee were if a certain minimum payment is made for a given period of time the policy will remain in force for the guaranteed period even if the cash value goes to zero.

Not sure if a universal life (UL) policy is appropriate for you? We can help you decide contact us by phone or use the contact form on the left side of the page. We can help you make sense of the many types of policies that are available for you.

• Whole Life
• Universal Life
• Term Life
• Term Life w/ Return of Premium
• Mortgage Protection Insurance
• Guaranteed Issue Life
• Final Expense Burial Insurance
• Childrens Insurance
• Business Buy-Sell Agreement
• Business Key Employee Insurance
• Group Life
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