Universal Life Insurance

Universal Life Insurance Policies

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A unique and very important kind of life insurance, universal life coverage provides policyholders and their families with both death benefits and the added plus of accumulated cash value- This is what makes this kind of coverage different from other kinds of life insurance available.

Why Universal Life?

While there generally are higher premiums for this types of coverage, it is considered to be superior due to the aspect of the cash value of the policy potentially increasing significantly over time. When you are in the market for life insurance, (or if you have been offered it as part of a workplace benefit package), you are well-served by looking further into universal policies.

Who Benefits

Normally this kind of coverage is best suited for individuals who wish to take advantage of having death benefits while also having an asset that can accumulate handsomely in cash value. The death benefits can usually be adjusted to fit one’s needs and plans. One tailors how much coverage is right for them before buying the coverage. One can also engineer into it how quickly the cash value accumulates by adjusting the premium payments upward or downward. One’s financial goals can helped toward achievement with this coverage. The cash value can grow over time or one can utilize the option to withdraw some of it when needed in a pinch. For instance, one could pull some value out of it to go on a long postponed honeymoon or to have those home improvements finally completed, etc. Workplace Benefits

Employers often offer this policy as part and parcel to a workplace benefits package. This happens to lower the policy cost for employees when they purchase this insurance through their employer. The insurance companie also provide discounts when groups of people are covered.


With each premium payment, a part is applied to the coverage while another portion is added to the cash value. Due to this mechanism, the monetary value continues to build as time goes on. Remember that this cash value also can earn interest, which can help add even more value to your policy.