Universal Life Insurance
If you’re in search of a life insurance policy that is flexible and gives you the choices of when to pay and how much during the term of the policy, then universal life insurance is probably the best choice for you. An example of this is you can choose how often you make your payments in addition to the amount that you make per payment; bottom line is you must have the premium paid off by a specific time line.
Universal life insurance can be kind of difficult to understand, but just know that when you make payments towards your premium that is paying towards the actual investment and savings component in addition to the expenditure portion of the actual life insurance. The actual interest rates with the life insurance policy do change and typically changes are within .25% increments with interest. It typically follows the interest rates of large banks and how they fluctuate over time.
Contact Hockley & O’Donnell Insurance Agency today and one of our knowledgeable life insurance agents will assist you in figuring out what the best options are with universal life insurance. Each universal life insurance policy will be catered to the insured’s specific needs and to fit well within their budget. The sooner you get on the phone and begin the universal life insurance policy procedures, the better rates you will receive and choices you will have. Call us today and receive your free quote and start the process of sign up for universal life insurance.