No one wants to think that someday his or her life will be over. It’s a scary prospect, especially because anything can happen to any one of us at any time. In order to leave your family financially secure in the face of a tragedy, you’ll want to speak to someone who specializes in universal life insurance in Houston, TX to protect your most important asset: your life.
What Is Universal Life Insurance?
Universal life insurance is a form of permanent life insurance. It provides life insurance protection at flexible premiums. It also has cash value buildup, which is similar in savings to whole life insurance policies. Additionally, if cash values are high enough, some universal life insurance policies can protect you for life.
What Types Exist?
Indexed universal life insurance is a fixed policy and the returns put into it are invested in stocks. Your money, however, is always protected. It does add the additional benefit of growth and your interest credit moves with the index that your policy is attached to.
Guaranteed universal life is not whole life insurance but it does last for your entire life. Rates will never increase as long as you pay your premium and your death benefit will always be in force.
Variable universal life allows you to manage different mutual funds with the cash value of your policy. The performance of your policy will depend on the performance of your mutual funds. This policy has premium payments that fluctuate from zero dollars to the maximum amount allowed to be charged as deemed by the IRS.
Working with an Insurance Company
If you value your life as we value your life, contact Insurance Offices Texas to get a universal life insurance policy today; your life may depend on it. You can contact us at 800-419-3506 or visit our website. You can also follow them on Twitter for latest news and updates!
