The Best Coverage for Universal Life Insurance Policy in Havertown
Are you looking for the best way to protect your family’s future? Universal life insurance is a great option for those who want the security of a permanent life insurance policy with the flexibility to adjust their coverage or premium payments as their needs change. With universal life insurance, the insured person is covered for the duration of their life, so long as the premiums are paid and other policy requirements are fulfilled. Depending on your policy, universal life insurance can be a valuable financial asset for you and your family.
If you’re looking for universal life insurance in Pennsylvania, then you’re in the right place. At Peterson Insurance, we can help you understand your coverage options to find an affordable universal life insurance policy designed to meet your family’s financial needs and goals.
Top Benefits of a Universal Life Insurance Policy
Many families choose universal life insurance because it provides life-long coverage. As long as you keep up with the required premiums, your policy will remain in force until you reach age 121 (in most states). The policy type is also very flexible, which makes it an attractive choice over a term or whole life insurance policy. Keep reading to learn more!
Universal Life Insurance Flexible Options
Universal life insurance coverage, premiums, and death benefits are flexible and can change depending on your needs and goals throughout your lifetime. For example, if you need to access the death benefit while you’re still alive, some policies offer riders that allow you to do so. This can be helpful if you experience a terminal illness or find yourself in need of long-term care. In some cases, you can also increase or decrease the death benefit payout that would go to your beneficiaries after your death.
Universal Life Insurance Cash Value
Universal life insurance builds cash value over time while earning interest. The cash value of your universal life insurance policy grows tax-deferred, which means you won’t have to pay taxes on the growth until you or your beneficiaries withdraw the money. You can also withdraw money or borrow against the policy’s cash value for various reasons or use it to help pay your premiums if you ever need to.
Call Peterson Insurance for Your FREE Universal Life Insurance Online Quote Today!
Universal life insurance provides coverage for your entire life, not just for a specific term, and it can be adapted to changing circumstances over time. So whether you’re looking for coverage for your family in case of your death or want to build up a nest egg for retirement, universal life insurance might be the best option.
At Peterson Insurance, we make it easy to find a universal life insurance policy in Pennsylvania that meets the needs and goals of your family. Click or call to get your free universal life insurance online quote or to speak directly with one of our local insurance agents to get started today!
What to Expect from Peterson Insurance
Insurance can be confusing and with all of the online companies these days, a lot of customers feel that they aren’t getting the answers and coverage explanations they deserve. We make sure that we take the time to work with each of our customers on a personal level and help you get the coverage you need at a price you can afford. For us, it’s simply a matter of doing things the right way.
As independent agents, we check options from many carriers, finding you the best price available to meet your needs.
We're a family business, and firmly believe that you should be treated with the same level of care and courtesy.
We do more than just getting you covered: we ensure you understand your options to make the best choice.