Flexible and Customizable
Universal life insurance provides lifelong coverage while offering greater flexibility than whole life insurance. We like to think of it as the best of both options. You can adjust your premium payments and, within certain limits, the amount of the death benefit to better meet your changing financial needs.
In addition to providing a death benefit for beneficiaries, universal life insurance includes a cash value component that grows over time based on interest rates or other factors specified in your policy.