Universal Life Insurance with Investment Option
Invest Now in Universal Life Insurance with Investment Option
Variable universal life insurance is the perfect insurance plan for you if you want a permanent life insurance plan but can make do with the associated investment risk. It is the right plan for you if you want to have the ability to build cash value and also access benefits such as death benefits. The premium payments for this plan are flexible and you can invest the premiums in several professionally managed investment subaccounts.
Foresters Financial’s variable life insurance plan offers a lot of benefits and features. The insured can decide the timing and the amount of premium he would pay. In addition, you have control over your policy and it offers a 10-year no-lapse guarantee and gives you the ability to accumulate a lot of cash values by choosing several investment subaccounts having bonds and stocks portfolio.
Features and Overview of Foresters Universal Life Insurance with Investment Option Product
Variable life insurance offers two death benefit options namely, option A and option B. The death benefit for option A is equal to the policy’s “face amount” and for option B, the death benefit is equal to the sum of the policy’s face amount plus the total Accumulation Value. It offers important tax advantages such as income tax-free death benefits, tax-deferred cash value growth, and tax-free exchange between subaccounts.
- Variable life insurance that offers a number of benefits and features such as flexible premium payments, 10-year no-lapse guarantee, control over the policy, and cash value accumulation.
- The plan offers two death benefit options, namely, option A and option B. Option A is equal to the policy’s “face amount” and for option B, the death benefit is equal to the sum of the policy’s face amount plus the total Accumulation Value.
- The plan offers important tax advantages such as income tax-free death benefit, tax-deferred cash value growth, and tax-free exchanges between subaccounts.
- The policy offers investment options that allow you to build cash value with a fixed account and professionally managed subaccounts.
- You can further customize your plan with the insurance riders such as waiver of monthly deduction, spouse’s term life insurance rider, accidental death benefit, children’s term life insurance rider, and accelerated death benefit.
- Before opting for this coverage, it might be necessary to consider the risk of lapse, investment risk, tax risks, and risks of policy loans.