- Want inexpensive protection
- Want their protection to last for their lifetime
- Are not as concerned about cash value
Ideal for clients who:
Because of these features:
- It may offer generally lower premiums for the same death benefit than other permanent policies
- It is permanent and is most often structured to last for an insured’s entire life
- 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
This can protect your family from your early death and help ensure that your plans for them still come true
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
Ask AuguStar
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
Lower risk. Higher certainty.
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 issued by AuguStar Life Insurance Company, member of Constellation Insurance, Inc. family of companies. Product, product features and rider availability vary by state. Guarantees are based upon the claims-paying ability of the issuer. Issuer not licensed to do business in New York.