Call Us 8444945487 Español ☰ ˟
Logo
phone icon

Let's Talk

(844) 494-5487

Español
  • HOME
  • Products
    • Auto
    • Homeowners
    • Business & CommercialImage of right arrow
      • Commercial Auto
      • General Liability
      • Workers Compensation
    • Life
    • Cyber Liability
    • Farm
    • Financial Services
    • Flood
    • General Liability
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Boat
  • GET A QUOTE
    • Automobile
    • Business & Commercial Image of right arrow
      • Commercial Auto Insurance Quote
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Cyber Liability
    • Farm
    • Financial Services
    • Flood
    • General Liability
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
  • BLOG
  • RESOURCES
    • Refer a Friend
    • Our Carriers
    • Frequently Asked Questions
    • Insurance Glossary
  • About Us
    • About Us
    • Our Locations
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact
Auto and Home Icon

Auto

Receive the guidance of a local insurance agent with the convenience of an online Auto Insurance quote.

Quote Now Learn More
Business Icon

Home

Protecting your most valuable assets with the help of local agents

Quote Now Learn More
Life and Health Icon

Life

Find out which policy will help protect your family even after your gone.

Quote Now Learn More
RV and Boat Icon

Business

When it comes to your business, you need the best protection for the best price!

Quote Now Learn More
Home > Blog > Does Universal Life Insurance Fit Your Needs?
FRIDAY, DECEMBER 2, 2022

Does Universal Life Insurance Fit Your Needs?

Many varieties of different life insurance policies are available today. The most basic function of these policies is to provide a benefit to your loved ones or named heirs at the time of your death. The funds can help support your family's financial needs in a number of ways. Universal life insurance is one of the most popular options available, and is worth your consideration.

What is It? life insurance spelled out in wood blocks
First, know that universal life insurance premiums will go into your policy's account towards its value. It will earn interest there. After necessary fees and deductions, the value remains in place month to month. You may be able to use these funds to make withdrawals or loans, depending on your needs and on the policy’s guidelines. Universal life insurance can help pay for your family's loss of income, educational needs, mortgage costs and provides access to cash value during your life. 

Before You Choose 
Before selecting this form of life insurance, consider these three things: 

  • Do you need a policy that offers ample flexibility? This specific policy allows you to select the amount of insurance and premium payments, though minimums do apply.
  • Do you want to be able to borrow from your policy throughout your lifetime? Though costs apply, this type of policy can meet that unique need because the cash value grows tax-deferred under income tax laws.
  • Do you want to maintain coverage throughout your lifetime? Unlike term life insurance policies, universal policies remain in place as long as you make the premium payments. 


Universal life insurance can be an excellent tool for those who want to use the funds to meet extended long-term goals, especially in relation to estate planning. Though it tends to cost more than other forms, it can offer more flexibility to meet an individual's specific financial needs. Take the time to compare it to other forms of life insurance before making a buying decision for yourself.  

Is it time for you to get a policy? Call Wilgus Insurance for more information on life insurance. 


Contact Wilgus Insurance Agency today or visit one of our locations below!

Salisbury
1203 Pemberton Dr. Salisbury, MD 21801

Millsboro
400 Delaware Ave 103 Millsboro , DE 19966

Delmar
10977 State St. 1 Delmar, DE 19940

Seaford
22937 Sussex Hwy. Seaford, DE 19973

Raleigh
W Martin St Raleigh, NC 27603

Posted 1:30 PM

Tags: life insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(6)
  • coverage(6)
  • auto insurance(5)
  • bop(4)
  • policy(3)
  • flood insurance(3)
  • life insurance(3)
  • business(3)
  • business owners policy(3)
  • home insurance(3)
  • homeowners(2)
  • commercial(2)
  • liability(1)
  • life(1)
  • credit(1)
  • cyber liability insurance(1)
  • premiums(1)
  • owners(1)
  • rates(1)
  • boat(1)
  • terms(1)
  • damage(1)
  • restorative(1)
  • cyber(1)
  • high value home insurance(1)
  • cyber security(1)
  • car(1)
  • cyber insurance(1)
  • security(1)
  • cyber liability(1)
  • water(1)
  • small(1)
  • projects(1)
  • flood(1)
  • costs(1)
  • business insurance(1)
  • watercraft(1)
  • contents(1)
  • auto(1)
  • score(1)

View Mobile Version

Contact Us Today!
844-494-5487

Social Social Social Social Social Social

Resources

Get a Quote
Payment / Claims
About Us
Refer A Friend
Our Carriers
Blog
Contact Us

Locations

Salisbury

1203 Pemberton Dr.
Salisbury, MD 21801

Ph: (410) 742-8240

Millsboro

400 Delaware Ave 103
Millsboro , DE 19966

Ph: (302) 934-1502

Delmar

10977 State St. 1
Delmar, DE 19940

Ph: (302) 846-3113

Seaford

22937 Sussex Hwy.
Seaford, DE 19973

Ph: (302) 629-5140

Raleigh

Raleigh, NC 27603
Ph: (410) 742-8240
© Copyright. All rights reserved. | Powered by Insurance Website Builder