WHOLE/UNIVERSAL LIFE INSURANCE

Whole Life and Universal Life offer coverage for as long as you live as long as the premium is paid.  Whole Life and Universal Life policies also accumulate cash value over the lifetime.  These funds can be used to pay premiums if needed or can be withdrawn as a loan to the policy.  Whole life insurance maintains level premiums throughout the insured’s lifetime.  Universal life insurance is more flexible since the death benefit and premium contributions can be changed (within certain limitations) by the policy owner.