Life Insurance

Universal Life Insurance

Kevin Jones Financial Group line graphic

Flexible Protection Tailored to Your Needs

Transamerica
Security National Life
Aetna
Royal Neighbors
Mass Mutual
Gerber Life

Understanding Universal Life Insurance

Universal Life (UL) insurance is a type of permanent life insurance that offers both a death benefit and a cash value component. Unlike whole life insurance, UL provides flexibility in premium payments and death benefits, allowing policyholders to adjust their coverage as their financial needs change.

Key Features of Universal Life Insurance

  1. Flexible Premiums

    • Adjustable Payments: UL policies allow you to increase or decrease your premium payments within certain limits, providing the flexibility to adapt to your financial situation.
  2. Adjustable Death Benefit

    • Tailored Coverage: You can modify the death benefit amount as your needs evolve, ensuring that your policy aligns with your current financial goals.
  3. Cash Value Accumulation

    • Tax-Deferred Growth: A portion of your premium payments contributes to the policy’s cash value, which grows tax-deferred over time. You can access these funds through withdrawals or loans, offering a potential source of funds for future needs.
  4. Interest Rate Sensitivity

    • Market-Linked Growth: The cash value in a UL policy may earn interest based on current market rates, which can affect the growth potential of your policy’s cash value.

Comparing Universal Life to Other Policies

  • Whole Life Insurance

    • Guaranteed Stability: Whole life insurance offers fixed premiums and guaranteed cash value accumulation, providing predictability but less flexibility compared to UL.
  • Term Life Insurance

    • Temporary Coverage: Term life insurance provides coverage for a specific period, typically without a cash value component. While premiums are generally lower, coverage ends when the term expires, which may not align with long-term financial planning.

Is Universal Life Insurance Right for You?

UL insurance is suitable for individuals who:

  • Desire permanent life insurance coverage with the flexibility to adjust premiums and death benefits.

  • Seek the potential for cash value accumulation that can be accessed during their lifetime.

  • Are comfortable with the variability in cash value growth due to interest rate fluctuations.

However, if you prefer fixed premiums and guaranteed cash value growth, whole life insurance may be a more appropriate choice.

Take the Next Step

Securing a Universal Life Insurance policy can provide adaptable protection that evolves with your financial needs. To explore how UL insurance can benefit you:

  • Call us at 504-294-5300 to speak directly with one of our experienced agents.

  • Schedule a consultation by clicking here to find a convenient time.

Our team is ready to guide you through the process and help you choose the best coverage for your needs.

Consider This

Universal Life Insurance offers a flexible approach to permanent coverage, combining the security of a death benefit with the adaptability of adjustable premiums and benefits. By understanding its features and benefits, you can make an informed decision that ensures financial stability for your loved ones.

What is Universal Life Insurance?

Let’s Partner To Get You The Best Insurance Plan!

Worried about finding a life insurance policy that adapts to your changing financial needs? Delaying could leave you without the flexible coverage you require. 

Act now to secure a Universal Life Insurance policy that offers both protection and adaptability