How Universal Life Insurance Works Premium Payments

Types of Universal Life Insurance

Guaranteed Universal Life (GUL) Offers fixed premiums and a guaranteed death benefit. No significant cash value growth.

Indexed Universal Life (IUL)

Variable Universal Life (VUL) Cash value is invested in mutual fund-like sub-accounts.

Best for experienced investors comfortable with market fluctuations. 5. Benefits of Universal Life Insurance

Cash Value Growth

Some policies offer market-linked growth potential. Tax Advantages Cash value grows tax-deferred. Death benefits are typically tax-free for beneficiaries. Estate Planning and Wealth Transfer

Provides financial security for future generations

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