Death Benefits + Investment Savings
Looking for greater control over your life insurance plan? No need to look elsewhere — insurance company, King Insurance Partners, offers affordable variable universal life (VUL) insurance plans that make preparing for the future easy. Enjoy more freedom and greater peace of mind for your beneficiaries with flexible premiums, generous death benefits, and more control over your plan’s professionally managed investment options.
What Is Variable Universal Life Insurance?
Variable Universal Life insurance or VUL is a type of permanent life insurance policy with an integrated savings component allowing for cash value investment. What sets VUL apart is that policyholders have the freedom to monitor and decide where to allocate their funds. Like any other permanent or whole life policy, the policyholder’s beneficiaries also receive tax-free death benefits.
The following includes some key benefits of having VUL insurance.
- Flexible Death Benefit
- Permanent Life Protection
- High-Quality Investment Options
- Withdraw From Tax-Deferred Earnings
- Potential To Earn Higher Than Average Cash Value
How Does VUL Work?
Just like with any other insurance plan, you pay a set premium every month for the remainder of the policy. The difference is that part of this premium goes into a tax-deferred savings account, with which you may invest the cash value in subaccounts offered by the insurance company. In other words, you could earn more than you would with a standard policy!
Is VUL Insurance Right For Me?
Variable universal life insurance is an excellent option for people looking to save with increased flexibility. However, just like with any other form of investing, VUL involves risks. Depending on the chosen portfolio and market conditions, some policyholders may have their cash value reduced. If you have the time and resources to monitor investment performance and make bold decisions to allocate your funds accordingly, VUL may be right for you.
If you’re still on the fence and would like more information, don’t hesitate to contact our insurance agents. To accommodate all of our customers, we offer a wide range of life insurance options, all competitively-priced and customizable to your needs. We’ll be happy to assist you in finding the right life insurance plan for your circumstances and long-term financial goals.