Universal Life Insurance
Universal Life Insurance is designed for those with sophisticated financial and insurance needs. The flexibility it provides can help you meet a wide array of insurance objectives from the most basic to the most complex.
Universal Life Insurance may be most advantageous:
- When you need premium and death benefit flexibility
- When you want the investment performance the cash value's general account.
Universal Life Insurance Overview
A universal life insurance contract allows you to protect against risks for today and in the future. The premium and death benefit flexibility of universal life insurance give you the ability to match your protection to your needs, whatever they may be down the road. The cash value can also help you meet a variety of other financial objectives.
Estate Planning Strategies
Uncertainty of estate tax laws has made estate planning more challenging than ever. While this uncertainty has caused some to postpone estate planning needs, doing so may jeopardize the financial future of family and/or businesses.
Universal life insurance can help you achieve the financial security that comes from protecting and preserving the estate you’ve built over your lifetime. Its flexibility allows you to adjust the policy when changes in estate tax legislation, your financial situation or any other circumstances trigger a need to review your estate planning strategy.
Business Planning
A universal life insurance contract’s ability to accumulate cash value on a tax-deferred basis can provide solutions for a variety of financial and insurance needs.
Because of the great amount of flexibility, the design of universal life works especially well with:
Buy/Sell Arrangements
Key Person coverage
Non-qualified Executive Benefit Programs
Endorsement Split Dollar Plans
General Corporate Liability Funding
Financing Employee Stock Ownership Plans
Charitable Gifting
If properly structured, giving a life insurance policy to a charity may not only provide benefits to the organization, but immediate income tax benefits to the donor as well. A universal life insurance contract’s premium flexibility allows you to decide on the amount of your charitable contribution on a year-by-year basis. When you want the opportunity to easily adjust the policy after issue.