Universal Life Insurance

Universal Life Insurance Feature: Death Benefit Protection

In this series, we will walk you through many common features of a typical universal life insurance policy.

Death Benefit Protection

Universal life policies provide the traditional life insurance protection you need to protect your loved ones, ensure their continued financial security and help protect your business upon your death. Beneficiaries receive policy death benefit proceeds generally free from income taxes and probate delays.

This immediate cash source can help pay final expenses, cover outstanding debts and help ensure business continuation. Therefore, universal life policies also provide an effective way to transfer wealth to your beneficiaries tax-free.