Universal Life Policy
Flexibility for Tomorrow, Security for Life.
WHAT IS UNIVERSAL LIFE INSURANCE?
At Simply Rooted Financial, we offer Universal Life Insurance (UL), a flexible type of permanent life insurance designed to adapt to your changing needs. With our UL policies, you have the freedom to adjust your premiums and death benefits as your financial circumstances evolve. Plus, these policies accumulate cash value over time, providing you with the option to borrow against it when you need financial support. Think of UL as your adjustable life insurance solution—tailored to grow with you throughout your life’s journey.
Flexibility in Premiums and Benefits
Universal Life Insurance offers unparalleled flexibility, allowing policyholders to adjust their premium payments and death benefits to suit their changing financial situations. This makes it an ideal choice for those who anticipate fluctuations in their income or financial needs over time.
Cash Value Accumulation
A distinct advantage of Universal Life Insurance is its ability to build cash value. The cash value grows tax-deferred over the life of the policy and can be borrowed against, providing a financial safety net for unexpected expenses or opportunities.
Long-Term Financial Security
As a type of permanent life insurance, Universal Life Insurance provides lifelong coverage as long as premiums are paid. This ensures that beneficiaries are financially protected and can receive a death benefit no matter when the policyholder passes away, offering peace of mind through enduring security.