Universal Life Insurance

A universal life (UL) insurance policy is more flexible than other permanent policies, so you can customize it to fit your lifestyle.

Universal life insurance:

• May provide a guaranteed death benefit, ensuring the financial security of your family.
• Gives you the flexibility of choosing how much, and when, to make premium payments. (Depends upon the cash value in your policy.)
• Accumulates tax deferred and is accessible on a tax-preferred basis and is generally income tax free (under current tax law) to your beneficiary upon your death.
• Lets you access the cash value for any purpose you may choose including a down payment on a home, a tuition payment for your child or to provide cash flow during your retirement.*
• Allows you to change your death benefit which means you can increase or decrease your death benefit amount (increases are subject to underwriting) as your needs change.
• Guarantees the interest rate that you earn on your cash value to be at least 3 percent annually, although our credited rate, which is not guaranteed, has been much higher.

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 Courtesy of Ohio National