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Universal Life:
Universal life provides permanent life insurance protection and access to cash values that grow tax-deferred at competitive interest rates. Universal life gives you the flexibility to choose the amount of protection that best suits your family or business. It may allow you to increase or decrease coverage as insurance needs change. Increased coverage may be subject to underwriting requirements. You may not decrease your coverage below the required minimum.
Universal Life is flexible. You control the amount and frequency of payments. You have the option to increase the premium or make lump sum contributions, subject to limits as specified in the policy.
The extra dollars grow tax-deferred, and may increase the cash and death benefit values. On the other hand, in a temporary cash crunch, you can pay less than the scheduled premium and let the policy's accumulated cash value pay the remainder of the monthly charges. Contact a Stanton Insurance Agency representative to learn more about how universal life policy riders can protect your spouse and children, protect your ability to pay premiums during disability, and increase the benefit to your family if you should die accidentally.
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