Agile Insurance Strategies

Insurance Risk Management​

Permanent Life Insurance

Universal Life Insurance

Universal Life insurance provides more flexibility. Policyholders have the flexibility to adjust their premiums and death benefits. Universal Life insurance premiums consist of two components; a cost of insurance amount, and an accumulation component, known as the cash value. Universal life policyholders may also borrow against the accumulated cash value without tax implications. However, interest will be calculated on the loan amount. Unpaid loans will reduce the death benefit by the outstanding amount, with unpaid interest on the loan deducted from the remaining cash value.  Universal life insurance policy has flexible premiums. The universal life policyholder has the flexibility of remitting premiums over the cost of insurance. The excess premium is added to the cash value and accumulates interest. If there is enough cash value, policyholders may skip payments without the threat of a policy lapse.

Guaranteed Universal Life (GUL)

Guaranteed Universal life insurance is a type of universal life insurance that does not build significant cash value and typically has lower premiums than whole life.  Guaranteed Universal Life is for customers that are looking for guaranteed death benefits and level premiums.  Policies can be further enhanced with riders providing additional long term benefits.

Index Universal Life Insurance (IUL)

Indexed Universal life insurance policies work the same as traditional universal life policies but with a different method of crediting interest.  On a monthly or annual basis, the cash value may be credited with interest based in-part on increases in an equity index. The gains are applied based on a participation rate that’s set by the insurance company, which can typically be anywhere from 25% to more than 100%. Indexed universal life policies provide greater upside potential, flexibility, and tax-deferred accumulation potential, and ability to access cash value through loans or withdrawals. However, there are caps on returns if the index used to credit interest is down at the end of a crediting period, 0% interest is credited to the strategy - this is referred to as the floor.

Whole Life Insurance

Whole life insurance provides coverage for the life of the insured. In addition to providing a death benefit, whole life also accumulates cash value. These policies are also known as permanent or traditional life insurance. Whole life insurance guarantees payment of death benefit to beneficiaries in exchange for level, regular premium payments. The policy includes the cash value alongside the death benefit. In the cash value, interest may accumulate on a tax-deferred basis. Growing cash value is an essential component of Whole life insurance. The Whole life insurance policy has fixed premiums over the life of the policy. Missed payments must be paid within a specific time for the policy to remain in force.

Interested in Permanent Life Insurance?

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 There is no one size that fits all.  

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