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Life Insurance Type
Universal Life Insurance
Universal life insurance is a permanent life insurance policy that provides flexible premiums, adjustable coverage, and a cash value component that can grow over time. It's designed to offer lifetime protection while giving you more control over how you pay and grow your policy.
Universal Life Insurance is a unique combination of Term insurance (for the death benefit) andSavings/investment (through the cash value).
Special Benefits of the Universal Life Insurance
Like other permanent policies, it offers coverage for your entire life (as long as premiums are paid).
You can increase, decrease, or even pause payments (as long as cash value covers costs).
Typically earns interest based on a minimum guaranteed rate or market indexes (depending on policy type).
Earnings grow without immediate tax.
Types of Universal Life Insurance:
| Type | How It Grows | Notes |
|---|---|---|
| Guaranteed UL | Fixed interest | Focused on low-cost permanent coverage with little or no cash value |
| Indexed UL (IUL) | Tied to a stock index | Potential for higher growth, with market downside protection |
| Variable UL (VUL) | Direct investment in mutual fund-like options | High growth potential, but higher risk and fees |
At CCS Sterling LLC, we are dedicated to empowering individuals and businesses to achieve financial success with trust, innovation, and unwavering support.read more
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