Universal life insurance
It’s the flexibility of universal life insurance that attracts many people to this type of policy. Universal life insurance provides flexibility in your premium payments, flexibility in the use of any cash value within the policy, and ultimately, flexibility in the death benefit.
- Lifetime coverage*
- The potential for cash value growth
- Tax-deferred growth on the cash value in your policy - and you can access or borrow against that cash value in the future**
- Flexible death benefits and premium payments - because you can use your cash value to help with premiums
**Withdrawals and unpaid loans will reduce the cash value and death benefit of the policy.
- Do you like the idea of having permanent, lifetime protection?
- Do you want the potential to build tax-deferred cash value over time to help you with long-term financial goals?
- Is it useful to you to have the ability to use your cash value to offset premium payments in the future?
If your answer to these questions is “yes,” then you might want to consider a universal life policy. But universal life insurance comes in a variety of types.
Explore Protective Life’s universal life insurance options
Which type of universal life insurance fits your needs?
Traditional universal life insurance
Variable universal life insurance
Indexed universal life insurance
Common questions about universal life insurance
Universal life insurance offers lifetime guaranteed coverage (when required premiums are maintained) and the potential to grow cash value to help with long-term financial goals. These policies typically offer flexible death benefits and premium payments.
Universal life insurance works by creating a permanent, lifetime death benefit (when required premiums are maintained) and may offer the potential for cash value growth. These policies usually offer flexible premiums because the cash value can be used to offset premium payments in the future.
Indexed universal life insurance offers lifetime death benefit coverage (when required premiums are maintained) and potential cash value growth. Earnings are based on positive performance of at least one stock market index and are typically protected from downside risk.
Variable universal life insurance offers lifetime death benefit coverage (when required premiums are maintained) and flexible options. Premium payments can be allocated among different investment options for greater cash value growth potential, along with greater risk.
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*Withdrawals and unpaid loans will reduce the cash value and death benefit of the policy.
Investors should carefully consider the investment objectives, risks, charges and expenses of the applicable variable universal life insurance policy and its underlying investment options before investing. This and other information is contained in the prospectuses for the applicable variable universal life insurance policy and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800.265.1545.
An indexed universal life insurance policy is not an investment in an index, is not a security or stock market investment, and does not participate in any stock or equity investments. Subject to caps and floors.