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Policy Types

Universal life insurance policy flexibility

If you have decided that universal life insurance is the right choice for you, be sure you know and understand the additional benefits that this type of policy can provide.

Additional universal life insurance policy benefits

You've been shopping for life insurance, and have decided that universal life insurance might be a good choice in that it offers a lifetime coverage, but with more flexibility than whole life. But what does flexibility in a universal life insurance policy really mean and what are the benefits to you?

Flexible death benefit

The death benefit of a life insurance policy is the amount of money that is paid out to your beneficiaries upon your death and is determined by the life insurance contract. With most life insurance policies, you typically cannot increase or decrease the death benefit. However, with a universal life insurance policy, you have the flexibility to adjust the death benefit (within the plan limits) up or down - without having to buy a separate policy. But, an increase in the death benefit could result in additional underwriting and/or a new medical exam, depending on you policy's language.

Flexible payments

As your financial needs change, you may find the flexible premium payments provided by a universal life insurance policy to be a good option, allowing you to change the amount and frequency of your premiums. Because of its potential to build a cash-value over time, your premium payments may be increased, decreased, or even skipped depending on the policy's cash value.* If you want to learn more about the many other benefits of a universal life policy, we can help. At Protective Life, our licensed agents are ready to answer your questions and help you understand the basics of universal life insurance to see if it's the right policy for you.


*To keep your universal life insurance policy in force, you must make your required premium payments on time.



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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

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