Universal Life Insurance - Gulf Coast Educators Insurance
Equity Indexed Life Insurance
This form of life insurance can build cash value for you. You can use the funds to pay for college or to supplement your retirement income.
Universal Life Insurance works differently than other forms of life insurance policies on the market. With this form of “equity-indexed” policy, the excess of premium payments beyond the current cost of the policy is credited to the cash value of the policy. Interest is accrued each month when the cash value is credited to the account.
With a universal life insurance policy, the payment premiums are flexible. When your finance gets tight you can pay less and when you want to increase the policy’s cash value or death benefit you would pay more.
A plus to purchasing a universal life insurance policy is that the death benefit is payable to beneficiaries tax-free to help meet the needs of those still living.
For help in understanding more about a universal life insurance policy, we invite you to call any of our two life insurance offices in Southwest Florida. We are open Monday – Friday to meet with you and protect your family.
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