Universal Life Insurance

Universal Life Insurance: Flexibility and Savings in One Package

Universal life insurance offers a unique blend of life insurance and savings, giving you the flexibility to secure your future and protect your loved ones.

What is Universal Life Insurance?

Universal life insurance is a versatile financial tool that combines essential life insurance coverage with tax-advantaged savings. It provides your loved ones with financial security tailored to your personal, family, and work situations, all within a single contract.

Key Features

Flexible

With adjustable premium payments, you can choose to pay more to build up savings for your future goals and projects.
Secure

Guarantees an immediate, tax-free inheritance for your beneficiaries through the death benefit.
Diversified

Offers a range of investment options, from conservative to aggressive, helping you diversify your tax-sheltered savings portfolio to match your risk tolerance.

Customize Your Coverage with Riders

Enhance your Universal Life Insurance policy with optional riders. Some riders are only available on select plans, and I can help you choose the ones that best suit your needs.

Available Riders :

Critical Illness Protection

Choose from 4-condition or 25-condition coverage, offering a lump-sum payment if you are diagnosed with a covered critical illness and survive the 30-day survival period. This rider also includes access to Maple for expert medical opinions at no extra cost.

Level Cost of Insurance

This rider fixes the cost of coverage, payable until age 100, and provides one policy fee, combined premium payments, and enhanced tax deferral opportunities. It is available only on level death benefit policies with an Annual Renewable Term (ART) Cost of Insurance (COI) base.

Payor Waiver of Monthly Deductions

Children’s Insurance

This rider offers low-cost term life coverage for your children and guarantees their insurability if they wish to convert their coverage to an eligible insurance plan when they become adults.

Children’s Insurance

This rider offers low-cost term life coverage for your children and guarantees their insurability if they wish to convert their coverage to an eligible insurance plan when they become adults.

Term Riders

Add temporary insurance protection to your policy for a 10-, 20-, or 30-year term. (Note: Term 30 riders do not include the Select Options available on standalone Term 30 products.)

Waiver of Planned Premiums

If the insured becomes totally disabled before age 65, this rider waives the planned premiums (up to a defined maximum), ensuring continued coverage.

Payor Waiver of Planned Premiums

Similar to the payor waiver of monthly deductions, this rider waives planned premiums (up to a defined maximum) if the person paying the premiums dies or becomes totally disabled before age 65. The waiver continues until the child covered under the policy turns 25.

Accidental Death and Dismemberment (AD&D)

Provides an additional benefit in case of accidental death or dismemberment.

Waiver of Monthly Deduction

If the insured becomes totally disabled before age 65, this rider waives the payment of planned premiums (up to a defined maximum).

Focus on what matters