Universal Life Insurance
Permanent coverage with flexible premiums and benefits.
Universal life insurance, like whole life insurance, is permanent as long as you make your payments. The key difference is that you can adjust your benefits and premiums as your financial circumstances change. You can even skip monthly premiums if your cash value will cover it.
This offers something a whole-life policy doesn’t—a chance to pay premiums only up to the point where your cash value can cover them for the rest of your life, freeing up the money you were using to pay them. You’re paid interest on your cash value, but the rate is not fixed.
Universal life is a good choice if you’re comfortable with the amount of money your beneficiary will inherit when you pass on, if you believe you won’t need to access the cash value, or if you want the option to skip monthly payments occasionally to use the money for something else.
Universal Life Insurance – adjustable life insurance under which premiums and coverage are adjustable, company expenses are not specifically disclosed to the insured, but a financial report is provided to policyholders annually.
Ready to Protect Your Family’s Future?
Contact John L. Coppeto today to find the right life insurance policy for you and your loved ones.
Phone: (904) 834-9048