In most cases, the main benefit of term life insurance is a pay out to your family when you pass away so that they can pay for everyday expenses, the mortgage, your funeral expenses and more.
Death and taxes are inevitable, but universal life insurance helps you deal with both. With a universal life insurance plan, you get the coverage of life insurance along with a tax-deferred savings that grows over time.
Life is very unpredictable. You don't know exactly when your life will end - it could be in your 20's or you could live to be 105. The only way to guarantee your family's financial security is to be prepared, no matter what happens.
Universal life insurance does just that. If you pass away, your family will receive a death benefit to help cover funeral, burial and other expenses. You also have the savings to fall back on during retirement or hard times.
If you become ill or disabled, you never have to worry about your insurability and you can use your benefit early if you need. With universal life insurance, you and your family are protected no matter what happens.[/vc_column_text][/vc_column][/vc_row]