Universal Life Insurance

Insurance That Accrues Value Over Time

How will you provide for your family when you die and your income is no longer available to them? Let Roderick Crabbe Insurance Inc help you plan for the financial future with a universal life policy that benefits your spouse, children, and others. 

Life insurance is usually purchased to provide death benefits to loved ones. However, universal life is a financial asset that accrues value over time. With each premium payment you make, a portion of the premium is held in an interest-bearing account and the total premium may be higher than other alternative life insurance policies. 

The interest rate is fairly competitive compared to a savings account, making it a safe, lucrative option. The account balance can become a sizable amount over time, and you may borrow against these funds or cash out as desired later in life. When borrowing against the balance, remember there’s no loan qualification process to go through. You simply request the loan and it’s provided to you. 

Because of this unique feature, this coverage is popular for retirement planning, saving for investments, and more. Some use the cash value in their policy to fund their children’s college education. 

The cash value or death benefits are commonly provided to adult children when the named insured passes away, and the money is used as an inheritance or legacy.

Rates vary based on:

• Age
• Gender
• Residence location
• Occupation
• Lifestyle habits or hobbies
• Health status 
• And more 

Factors that contribute to longevity may result in more affordable rates.

To generate a lower premium, you may adjust the amount of contribution to your interest-bearing account as well as your coverage in general. 

Call to sign up for a universal life policy today.

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