Customized Protection for Evolving Needs
At Annuity Wealth, we understand that life insurance should adapt to your changing circumstances. Universal life insurance offers the flexibility and affordability you need in a permanent policy. By considering factors such as age, life expectancy, earnings, and expenses, we help you fit a policy to your unique situation.
Universal life insurance suits various needs, including income replacement, debt repayment, college funding, special needs planning, business succession, trust funding, and estate transfer. Additionally, joint policies are available for estate and trust purposes.
Choose from several styles of universal life insurance to suit your preferences:
Index Universal Life (IUL)
IUL provides permanent life insurance with the potential for cash value growth. Premiums are not invested in stocks, bonds, or equity investments. Instead, the interest rate credited to your policy’s index account value is based on the performance of a selected stock market index, with a guaranteed minimum of zero percent. IUL is ideal for those seeking long-term cash value growth and market risk protection.
Universal life (UL)
• Universal life insurance is a form of permanent life insurance with an investment savings element plus premiums and a death benefit that are flexible. Unlike the IUL,The cash value earns an interest rate set by the insurer, and it can change frequently, although there is usually a minimum rate that the policy can earn.
• If the investments underperform, your cash value can go down and your premiums could eventually go up.• There are no tax implications for policyholders who borrow against the accumulated cash value of their UL policy, although some withdrawals may be taxed.
Guaranteed Universal Life Insurance
Guaranteed universal life insurance offers permanent coverage with a guaranteed death benefit up to a specified age, as long as premiums are paid, and the policy remains active. This cost-effective option focuses on providing a guaranteed death benefit rather than generating cash value.
Universal life insurance is a versatile and adaptable solution to meet your individual needs. Whether you choose Indexed Universal Life Insurance, Universal lifer Guaranteed Universal Life Insurance, all options offer valuable benefits and protection for your plans.
Various riders will be available with all options.
Note that Variable Universal Life Insurance, which uses mutual funds, is not an option available through Annuity Wealth.
Let Annuity Wealth guide you through the world of universal life insurance.
Annuity Wealth
3501 N. Ponce De Leon Blvd
Suite B # 274
St Augustine, FL 32084
phillip@annuitywealth.org
904-767-0120
License # A173329 Florida