Universal Life Insurance
A universal life policy, or Tax Advantage policy, has unique benefits which set it apart from term, permanent and other insurance plans. The policies are made up of two components: An insurance component, which is paid to your beneficiary as a tax-free death benefit and an investment component, which holds funds that can earn interest on a tax-deferred basis. You can invest a portion of your premium into various interest options.
What are the benefits?
Here’s how your Tax Advantage Life policy works:
When you make a premium payment into a Universal Life policy, that payment is applied to the investment account of your plan. The cost of insurance and an administration charge are deducted monthly from your account while the balance grows. While premiums are not tax-deductible, investment growth held in the policy is not taxed and the death benefit (including investment growth) is paid tax-free to your beneficiary.
More choice. More flexibility. More reasons to choose Universal Life.
Professional insurance and financial advice at The President’s Group.
You can count on Tax Advantage Life to offer superior value, flexibility and simplicity. With its many options and features, it will provide you with the freedom to custom design your policy to suit your personal insurance and investment needs. Talk to us about your future. At no obligation, we will review your personal circumstances with you and recommend appropriate coverage. In the meantime please use our Needs Estimator to help you determine a death benefit amount that is appropriate for your situation. If you have further questions, you may visit our Universal Life FAQ section or contact us directly.