There are different forms of universal life insurance available to Spencer, IA residents through Universal Life Insurance Pros. Ordinary universal life insurance is a flexible option that allows you to build cash value that is tax-deferred, receive tax-free death benefits, and have access to your cash value through loans or withdrawals. Survivorship universal life insurance is a form of universal life insurance that will cover two people with death benefits paid after both have passed. It is often less expensive and offers all of the same benefits of universal life insurance. Joint universal life insurance also covers two people, but is paid on the death of the first person instead of the second. It is also less expensive while offering the same flexibility as the other universal life insurance options.
When you call Universal Life Insurance Pros at 888-304-7775, we'll gladly answer all of your questions and even explain the answers to questions that you didn't think to ask. We are familiar with all of the frequently asked questions and frequently forgotten questions that will impact your decision to purchase Spencer, IA universal life insurance. Consider some of the following questions.
Withdrawing on the cash value of your Spencer, IA universal life insurance policy simply lowers the cash value on your contract. If loans are not repaid prior to death, then the unpaid balance will be deducted from the death benefit of your policy.