Protecting your loved one with universal life (UL) insurance gives you flexibility in premium payments and death benefit as well as the opportunity to use cash values during your lifetime for a variety of purposes. How you choose to design your policy will reflect your priorities for protection and cash accumulation.

UL differs from other permanent insurance (like whole life) because you have:

•    More flexibility with your premiums,

      including how much and when you pay
•    The ability to adjust the amount of

      death benefit your beneficiaries would

      receive as your needs change

While most universal life policies offer death benefit protection and the potential to accumulate cash value on a tax-deferred basis, each type of policy is different when it comes to how interest is credited to your cash value.