Protection with the flexibility to make changes
With protection that can last as long as you need, the ability to build cash value, and premium and death benefit flexibility, universal life insurance can create a flexible layer of life insurance protection. Universal life insurance is permanent insurance that provides protection in case of death as well as a savings or cash value component.
Universal life insurance can provide the permanent protection your beneficiaries may need. It has no maturity date. As long as your policy maintains a cash surrender value of at least $1, your policy will remain in force.
You may be able to use the cash value of your universal life insurance policy to help pay for college, to supplement your income during retirement or for other financial needs. The cash value of the policy grows tax-deferred based on the premiums you pay, the declared interest rate and the policy charges. Using the policy’s cash value will lower the policy’s death benefit.
Within certain guidelines, you can choose when and how you pay your premiums. You can pay less when money is tight or more when you want to increase your policy’s cash value. Generally, you can vary the benefit amount as well, based on your current protection needs. You can also customize your policy and make changes as your life changes.
Universal life insurance may be a good fit for you if you are looking for protection to last as long as you need it, premium and death benefit flexibility, cash value based on the performance of the Ameritas general account and the opportunity to easily adjust the policy after issue. Learn more by reviewing the product materials and contact a financial professional.
In approved states, Excel Essential UL (form 3005), Excel LifeValue (form 3006) and Excel LifeValue Survivor UL (form 3007) are issued by Ameritas Life Insurance Corp. In New York, Excel Essential UL (form 5005), Excel LifeValue (form 5006) and Excel LifeValue Survivor UL (form 5007) issued by Ameritas Life Insurance Corp. of New York. Product and riders may not be available in all states.