Universal Life - Concord Group Insurance
Universal Life insurance combines the benefits of life insurance with the ability to build cash value.
Advantages
Cash Value
Universal Life policies have the advantage of building cash value. Cash value may be withdrawn in the form of a policy surrender or a policy loan (subject to surrender charges, loan interest rates and policy conditions).
Flexibility
The biggest advantage of a Universal Life insurance policy is its flexibility. The coverage amount, premiums and payment schedules can be adjusted to meet your changing needs.
Increase/Decrease Coverage
With Universal Life, you may increase your death benefit (subject to underwriting) or decrease your death benefit at any time. As events in your life occur, you’ll be able to make changes to your policy.
Secondary Insured(s)
Instead of having multiple life policies taken out on each of your family members, why not add them to your own policy? Universal Life allows multiple secondary insureds so that your whole family can be covered under one policy. Conversion privileges are also available at any time so that secondary insureds can have their own policy without going through underwriting.
Note: The analysis of coverage is in general terms and is superseded in all respects by the Insuring Agreements, Endorsements, Exclusions, Terms and Conditions of the Policy. Some of the coverage mentioned in this material may not be applicable in all states or may have to be modified to conform to applicable state law. Some coverages may have been eliminated or modified since the posting of this material.
Underwritten and issued by Auto-Owners Life Insurance Company
How do I get a quote?
The Concord Group works solely through independent agents to ensure you're getting the right protection from a skilled professional.