Universal Life Insurance

The universal life insurance is designed as a flexible insurance plan. These policies are interest-sensitive and allow the insured to adjust the death benefit and/or premium payments, within certain limits, to fit the owner's situation.

The life insurance's net premium payments are tied to a accumulation fund that earn a guaranteed interest rate. The monthly fees from administrating the policy is deducted from the fund as well as the monthly cost of the death benefit.

The cash value portion of the policy can be withdraw or borrowed at any time.