Financial
Universal life
Spacesuits are made to protect astronauts from radiation, debris and harsh temperatures. At the same time, the fabric must be flexible enough to allow for precise movement.
They’re sort of like universal life (UL) insurance, with its mix of protection and flexibility. UL policies also provide an engine for cash accumulation, a feature that hasn’t yet made its way to spacesuits.
Universal life could be a good fit for:
| A person who | Because |
|---|---|
| Wants inexpensive protection | It may offer generally lower premiums for the same death benefit than other permanent policies |
| Wants their protection to last for their lifetime | It is permanent and is most often structured to last for an insured's entire life |
| Is not as concerned about cash value | Like most permanent policies, it has cash value available, but is typically structured to focus on protection |
Key benefits of universal life
Provide a death benefit
Your loved ones get a guaranteed, tax advantaged death benefit if you die
Build cash value
Your premiums create cash value that you can access for needs, including retirement
Adjust premium and death benefit
Stay flexible with the ability to adjust your premium amount and death benefit based on future needs
Aster-ology
Universal life: A different trajectory
In the galaxy of permanent life insurance, universal life and whole life might share a solar system, but they’re on different planets. Universal life insurance gives you:
- More flexibility with your premiums, including how much and when you pay
- Ability to adjust your death benefit amount for your beneficiaries as your needs change
Higher cash value. Lower risk.
Current assumption universal life guarantees a minimum interest rate backed by the insurance company and a potentially higher credited rate to build cash value within your policy.
You’ll have lower risk, and subsequently more conservative returns for your cash value, which may make sense for you.
AuguStar Life’s V-Pro universal life insurance provides permanent protection for an affordable premium. It also can accumulate cash value that can be accessed for future use.
Explore universal life
Now that you understand why universal life insurance may be right for you, contact your financial professional to learn more.
Withdrawals and loans may reduce the death benefit, cash surrender value and any living benefit amount.
Universal life insurance is issued by AuguStar Life Assurance Corporation. Product, product features and rider availability vary by state. Guarantees are based on the claims-paying ability of the issuer. Issuer is not licensed to conduct business in NY.
