Universal life insurance
Protecting your loved one with universal life insurance gives you flexibility in premium payments and death benefit as well as the opportunity to use cash values during your lifetime for a variety of purposes. How you choose to design your policy will reflect your priorities for protection and cash accumulation.
What is universal life insurance?
Universal life insurance differs from other permanent insurance (like whole life) because you have:
- More flexibility with your premiums, including how much and when you pay
- The ability to adjust the amount of death benefit your beneficiaries would receive as your needs change
While most universal life insurance policies offer death benefit protection and the potential to accumulate cash value on a tax-deferred basis, each type of policy is different when it comes to how interest is credited to your cash value.
When you want to build cash value but have lower risk
Current assumption universal life guarantees a minimum interest rate backed by the insurance company and a potentially higher credited rate to build cash value within your policy.
You’ll have lower risk, and subsequently more conservative returns for your cash value, which may make sense for you.
AuguStar Life’s V-Pro universal life insurance provides permanent protection for an affordable premium. It also can accumulate cash value that can be accessed for future use.
Universal life insurance can help you:
Your loved ones get a guaranteed, tax advantaged death benefit if you die
Your premiums create cash value that you can access for needs, including retirement
Stay flexible with the ability to adjust your premium amount and death benefit based on future needs
