Universal Life Insurance
Features of Universal Life
- Flexibility -- Your client decides how much life insurance they need -- and subject to certain requirements and limitations, they can adjust the death benefit and premium payments to fit their changing needs.
- Security -- You help protect their loved ones against possible financial hardship in the event of the insured's death.
- Tax-Free death benefit -- Under current tax laws governing individual life insurance, life insurance proceeds are generally income tax free to the beneficiary.
- Tax-Deferred account value growth -- The policy's account value earns interest at the carrier's current interest rate -- federal income tax deferred.
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