Universal Life Insurance

If you want lifelong coverage with flexibility down the road, universal life insurance may be a good option. Universal life insurance is a flexible-premium adjustable policy that accumulates account value. As with all life insurance, the main purpose for buying a policy is to provide adequate protection to your family in the case of death. This type of permanent life insurance also offers:

  • Flexibility: You decide how much life insurance you need (subject to certain requirements and limitations). You can adjust the death benefit and premium payments to fit your changing needs.
  • Security: Help protect your loved ones against possible financial hardship in the event of the insured’s death.
  • Tax-Free Death Benefit: Under current tax laws governing individual life insurance, life insurance proceeds are generally income-tax free to the beneficiary.
  • Tax-Deferred Account Value Growth: Your policy’s account value earns interest at the company’s current interest rate, federal income tax deferred.

AIB will consult with you and educate you to determine the insurance coverage that works best for you. Call us today and let’s get to it.

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