Considered to be the “hybrid” product in the life insurance industry, universal life can be customized to fit your needs and budget. It is permanent life insurance with built-in flexibility, allowing you to adjust the policy as your needs change. You can even cover your entire family under one permanent policy.
Basic Coverage
Universal life insurance is an economical alternative that offers
both flexibility and guarantees. It is a flexible life insurance plan in
which payments are placed into an account and monthly policy expenses
are removed from the account while the remainder continues to earn
interest.
Benefits
**the guaranteed minimum interest rate is 3.00 percent
Personalized Coverage
Benefits
- Flexible benefits and premiums*
- Tax-deferred cash value growth earning a current stated interest rate
- Plan can be customized with riders (Click the Personalized Coverage section above to learn more or contact your independent life insurance agent.)
- Interest rate could drop, leading to less cash value growth**
- If not funded properly, the coverage can lapse
**the guaranteed minimum interest rate is 3.00 percent
Personalized Coverage
Planning for retirement is different for each individual and family.
That’s why United Life offers a variety of riders that can be purchased
and added to your policy. Some of our most popular riders include:
- Guaranteed No-Lapse: By purchasing this popular rider, you must pay the stated ongoing Guaranteed No-Lapse premiums. By doing so, the coverage is guaranteed not to lapse, even if the cash value interest rate goes down over the years.
- Qualified Care Accelerated Death Benefit: When an insured is
receiving qualified care and cannot perform at least two Activities of
Daily Living*, a monthly benefit will be paid out of either:
- 2 percent of the total rider benefit when confined to a nursing home or assisted living facility, or
- 1 percent of the total rider benefit when attending adult daycare.
*Activities of Daily Living (ADLs) include basic personal activities, such as bathing, eating, dressing, mobility, transferring from bed to chair, and using the toilet. ADLs are used to measure how dependent a person may be on requiring assistance in performing any or all of these activities. - Children’s Insurance: With this rider, your children can be covered for up to $10,000 each for one rider price. Natural-born or adopted children, up to age 18, can be covered with the rider, including the addition of future children. When each child reaches age 25, they convert to their own plan, up to five times the death benefit, without having to prove insurability.
- Other Insured: If you would like to add another person to be covered under your policy, such as a spouse or business partner, you may do so by purchasing our Other Insured rider.
Planning for the future can be tricky, unless, of course, you have a
crystal ball. Our life insurance calculator can help plan your family’s
financial future, estimating the amount of life insurance needed for
your family. Start planning for your future by using our Life Insurance Calculator today.
Please visit with one of our independent agents to help you decide if a universal life insurance plan is right for you and your family.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
Please visit with one of our independent agents to help you decide if a universal life insurance plan is right for you and your family.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
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Lewis Insurance
2525 S. Lamar Ste 11
Austin, TX
78704
2525 S. Lamar Ste 11
Austin, TX
78704
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