FLEXIBILITY
What’s the difference between universal life insurance and whole life insurance (the other variety of permanent insurance)? Whole life insurance is characterized by its uncompromising guarantees; universal life insurance is characterized by its flexibility, transparency, and affordability. The death benefit, premiums, and cash value are perpetually adjustable in the hands of the policyholder. In capable hands, that makes universal life insurance a more useful investment vehicle.
TRANSPARENCY
With mortgage disability insurance, you can focus on getting better, not on paying the bills. If you are a homeowner, simply complete the form on the “Contact” page to request a free quote. You will receive personalized attention from one of our highly skilled mortgage protection specialists to determine whether you qualify for mortgage disability insurance and find a plan that fits your needs.
AFFORDABILITY
It’s true that universal life insurance is not nearly as cheap as term life insurance, but it is much cheaper than whole life insurance. How can it be cheaper and grant the policyholder so much more freedom at the same time? In the real world, “freedom” equates to “responsibility,” and it is by transferring responsibility from the insurance company to the policy owner that universal life insurance cuts costs. Whole life insurance guarantees a fixed rate of cash value growth, a fixed death benefit, and a fixed rate. By altering or discarding these guarantees, life insurance companies can reduce the cost of the life insurance product.