If you are looking for a lifelong coverage that provides an opportunity to build a tax-advantaged investment and also bring in a lot of flexibility, universal life insurance may be the appropriate coverage for you. Unlike term life insurance, this coverage will last for a long-term provided you continue paying your premium.
London Life’s universal life insurance coverage is different from the participating life insurance plan. It is a more flexible option that allows you to make changes to your premium payments, albeit within legislative limits. This will make it easy for you to match your financial situation and changing needs. You don’t just get lifelong protection in the London Life’s universal life insurance coverage, you also get an opportunity to build tax-advantaged cash value.
How to Maximize Your London Life Universal Life Insurance Plan
The universal life insurance plan is a good investment option. By combining your traditional life insurance with the tax-advantaged investment component of this plan, you can build wealth with time. Your investment can help you reach your dream financial goals if it performs well. You can use it to start a business, cater for your children’s education and for other purposes.