Universal Life Insurance

Universal Life Insurance

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The most flexible of all life insurance policies is Universal life insurance. It adjusts to your changing needs of coverage. For some changes underwriter approval is needed but you can adjust the policy to have coverage for specific amounts of time and pay out specific death dividends. Unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums.

If a universal policy looks right for you there is something to remember. Make sure you plan to have the policy long term since you will need to have the policy in force at least 15 years to be eligible for any return of the policy. Call Ion Insurance today for a free quote at 203.729.5261.