For more flexibility from a policy that includes both a death benefit and a cash value, consider Universal Life. Just like Whole Life, Universal Life combines a cash value and a death benefit together in one policy. The difference is that a Universal Life policy gives you more flexibility when determining how you might use the cash value of the policy. And because the cash value can be adjusted to fit your lifestyle, you can easily customize a policy to fit your needs and budget.
Universal Life policies are known for their flexibility. As you think about the future and its uncertain occurrences, consider the fact that you can adapt your Universal Life policy to changes in your financial situation. And, a typical Universal Life policy allows cash to either be withdrawn or borrowed against the policy.
Life insurance is about protecting your beneficiaries and giving them security as they face the future. Because of its dual nature, Universal Life Insurance guards your beneficiaries should the unforeseen occur, plus it creates flexibility in your financial plans by providing you a cash value you can access when needed. With college educations, marriages and the surprise expenses that inevitably arise, the flexibility of the cash value in a Universal Life policy can work for you as your family grows.
There are many important considerations that determine whether a Universal Life policy is the right choice for you. Your local Insphere Insurance Solutions agent can assess your needs and help you make an informed decision. Insphere Insurance Solutions® offers several Universal Life options from highly rated carriers.