Compared to other permanent life insurance products, universal life is perhaps the most flexible. That’s because it lets you adjust the amount of insurance you own – and the level of premiums you pay – to best suit your changing needs.  There is also the potential to build cash value in your policy on a tax-deferred basis, which you can use during your lifetime.

For example, you have the potential to take policy loans and withdrawals for emergencies or later for retirement income.

• Permanent death benefit protection for your loved ones
• Flexible coverage and premiums
• Cash value accumulation potential
• Protection from market losses
• Optional rider provides the potential for guaranteed income for life
• Living benefits to provide resources in the event of a qualifying terminal illness, chronic illness, critical illness or critical injury
• Multiple index crediting strategies offer diversified choices for cash values

Life insurance can give you the peace of mind that comes with knowing your loved ones will be protected financially in the event you die prematurely or suffer from a long illness or critical injury. Term insurance is often chosen by families and businesses when there’s a need for larger amounts of insurance, or coverage is only needed for a limited time.

• want life insurance designed to meet a variety of budgets with guaranteed premiums for a specified period of time
• want an additional death benefit to supplement permanent life coverage require a larger amount of insurance
• are interested in purchasing term life insurance today but with the option to convert to a permanent policy in the future with no additional evidence of insurability
• are interested in purchasing term life insurance with optional riders that can provide living benefits in the event of a qualifying terminal, chronic or critical illness, or critical injury.

Your whole life policy’s cash value is guaranteed to grow, tax-deferred, over time. Your cash value is different than your death benefit and it can be accessed through policy loans and withdrawals during your lifetime to help with a wide range of financial needs, including:

• Consistent, level premium payments for the life of the policy.
• Payment schedules of monthly, quarterly, semi-annually, or once a year.
• A limited-pay policy that gives you the option to extend the payment schedule and lower premiums if your cash flow situation changes.
• Paid-Up options that let you fully fund your policy in the policy year you choose, eliminating payments from then on.
• A Premium Deposit Account10 to hold a lump sum payment that is sufficient to cover premiums over a chosen duration.