Custom Designed Universal Life

Universal life insurance provides a powerful combination of life insurance protection (purchased at “wholesale” rates) and tax-advantaged investment opportunities. With flexible benefits and a full range of investment choices ranging from fixed income, to indexes, to over 400 brand name mutual funds, a universal life policy can be completely customized to suit your long-term financial goals. Best of all, it is easily modified to meet your changing needs.

As stated previously, we believe that clients want guarantees and accountability in both insurance and investment products. As a result, we set certain benchmarks on our products, to enable them to meet these critical criteria. Although Universal Life is a very complicated product and not for everyone, if properly designed and “consumer accountable”, it can be a very unique and extremely effective financial instrument. We take great care to ensure that any Universal Life plans we market contain both contractual guarantees and features that enable it to perform long term. Additionally, our expertise enables us to help our clients avoid some the traditional ‘pitfalls’ that others have encountered when recommending, designing and implementing these plans.

Universal Life might be a good fit for estate planning, business planning, tax-sheltering, and retirement planning situations.

Highlights of a Universal Life Policy:

• Tax-advantaged Growth: Investment income earned within an exempt universal life policy will grow tax-sheltered. You can withdraw all or a portion of the cash values using a number of convenient withdrawal and loan plans.
• Tax-free Insurance Benefits: The insurance proceeds of an exempt policy are paid tax-free to your beneficiaries.
• Diverse Investment Options: A universal life policy has a wide variety of investment options to meet your present and future needs.
• Creditor Protection: Provided certain members of a family class are named as beneficiary, or that a beneficiary designation is made irrevocable, universal life policies may be protected from claims of creditors of the policyholder.
• Probate Bypass: The proceeds of your policy can be paid directly to your beneficiary, bypassing your estate and the delays and expenses surrounding probate.

We deal with all the major carriers offering a family of universal life insurance products designed to meet any financial need you may have - including flexible and increasing death benefits, equity and fixed income-linked investment options. It is an ideal product for families and small business owners looking for flexible, affordable and permanent coverage.

For further information on the various ways universal life insurance policies can benefit your unique situation, please contact us