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The Eight Other Advantages of Universal Life

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The Eight Other Advantages of Universal Life

by Ryan Holiday

4.5 out of 5

Language	:	English
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Print length	:	71 pages

Universal life insurance is a type of permanent life insurance that offers a number of advantages over other types of life insurance, including flexibility, customization, and potential for growth.

Here are eight other advantages of universal life insurance:

No medical exam required. Universal life insurance is available to people of all ages and health conditions, regardless of their health history.
Guaranteed issue. Universal life insurance policies are guaranteed to be issued, regardless of your health or age.
Flexible premiums. You can choose to pay your premiums monthly, quarterly, or annually, and you can adjust your premium payments as your needs change.
Adjustable death benefit. You can increase or decrease your death benefit as your needs change.
Cash value accumulation. Universal life insurance policies accumulate a cash value that you can borrow against or withdraw from.
Tax-deferred growth. The cash value in your universal life insurance policy grows tax-deferred, which means you don't have to pay taxes on it until you withdraw it.
Death benefit protection. Universal life insurance provides a death benefit to your beneficiaries when you die.
Peace of mind. Universal life insurance can provide you with peace of mind knowing that your loved ones will be financially protected if you die.

If you're looking for a flexible and customizable life insurance policy that offers the potential for growth, then universal life insurance may be a good option for you.

To learn more about universal life insurance, please contact an insurance agent today.

The Eight Other Advantages of Universal Life

by Ryan Holiday

4.5 out of 5