Universal Life Insurance

Universal life insurance policies combine a guaranteed death benefit with the flexibility to build cash value. If you qualify, this policy allows you to take out loans against the cash value of your policy, and to receive payments from that loan principal over time. You can also choose to add additional premium payments to the policy to earn more interest. In some cases, your beneficiaries may be able to access these funds and use them for funeral costs or other expenses associated with your death.

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