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| Established 1985 |
Link:
Mortgage Protection Service |
Serving:
Pennsylvania, Ohio,
Delaware, New York, North Carolina, South Carolina, Virginia, New Jersey |
Hours of Operation:
Monday–Friday
9:00 a.m.–5:30 p.m. |
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Universal Life
Insurance
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Universal Life offers long-term protection, predictable accumulation and access to your accumulated cash value (keep in mind that the death benefit will be reduced by any outstanding loan balance or partial surrender amount).
These policies are interest-sensitive and you can adjust the death benefit and/or premium payments (within limits of the policy's terms and underwriting requirements) to fit your situation. Your premiums are credited to an accumulation fund, where costs are deducted and interest is credited. Because the cash value is yours, you can withdraw it or borrow against (certain restrictions apply). |
| Universal life insurance is designed to give you more flexibility than a whole life policy. It offers: |
- Death benefits
- Loans or partial surrenders (assuming the policy remains in force, the policy isn't a modified endowment contract and the policy qualifies as life insurance under Internal Revenue Code Section 7702, outstanding loans and partial surrenders will reduce any death benefits payable).
- Tax advantages
- Interest-sensitive growth
- Growth potential based on the insurance company's portfolio of investments.
- Flexible premium payments
- Ability to increase or decrease death benefit amount
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Universal life insurance might be for you, if you're looking for long-term protection, predictable accumulation, access to accumulated cash value, and moderate, non-equity based growth potential.
Contact: anthonym@mcglawn.com |
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