What is Universal?

Universal Life Insurance is a flexible permanent policy that lets you vary your premium payments. You can also adjust the face amount of your coverage. The premiums you pay (less expense charges) go into a policy account that earns interest.

why Universal?

Your life will change over time – your life insurance should be able to as well. Because no single insurance plan will work for everyone, Universal Life policies were developed with customizability in mind. While Universal Life is considered a permanent life insurance policy like Whole Life, it offers a much greater degree of flexibility for the policyholder in both premium payments and coverage amounts. 


  • Flexible premiums – Policyholders may be able to vary their premiums within certain limits as long as the policy retains sufficient available cash value 
  • Flexible benefits – Policies may allow you to increase or decrease the death benefit according to your particular situation, subject to qualification requirements.
  • Loan access – You can borrow against a portion of your policy’s cash value in order to meet unexpected financial needs. Unpaid policy debt will reduce the proceeds payable at death. 
  • Optional riders – Many policies can be customized with riders such as accelerated benefits, disability waivers of minimum premium or stipulated premium, children’s level term and coverage continuation.