12749 W. Hillsborough Ave Suite A, Tampa, FL 33635
Universal Life Insurance Explained:
Universal Is a very flexible policy that features both term and whole life . You can vary the amount of your premium with Universal Life Insurance policy's by using part of your accumulated earnings to cover part of the premium cost. You can also vary the amount of the death benefit.
For flexibility, you will pay higher administration fees, but the premium is usually inexpensive compared to Whole Life, but higher than term.
There are more life insurance plans that are variations of the above such as Variable Life and Indexed Universal Life. These products are a specialty and require a much more in depth conversation.
Please call our office for a more detailed explanation of the differences in these types of Universal life insurance and how they can be used to your benefit. 813-886-4446
Universal Life Insurance