Universal Life Insurance, North Carolina

Explore Universal Life Insurance With Elite Benefits.

Universal life insurance provides lasting protection for your loved ones while offering flexibility and cash value accumulation. At Elite Benefits Group, our expert team helps you determine if this type of permanent life insurance is the right choice for your financial goals and needs. We proudly serve clients across North Carolina, guiding you through your life and health insurance options.

What Is Universal Life Insurance?

Universal life insurance is a permanent life insurance policy that offers coverage for the policyholder’s lifetime and provides a death benefit for beneficiaries. This policy typically includes two components:

• Cash value – A savings element that grows over time.
• Cost of insurance – The premium required to maintain the policy.

Key Features of Universal Life Insurance

• Flexible Premiums – Adjust premiums to suit your budget.
• Cash Value Growth – Accumulate savings that can be accessed or borrowed against.
• Adjustable Coverage – Modify death benefits and premiums as your financial situation changes.

Benefits & Considerations

• Cash Access: You can access the cash value through withdrawals or loans (note: withdrawals may be taxable, and loans may incur interest).
• Lower Premiums: Universal life insurance typically offers lower premiums than whole life insurance, making it a more affordable option for younger individuals.
• Flexibility: The ability to adjust premiums and death benefits adds a layer of financial planning flexibility.

Is Universal Life Insurance Right for You?

At Elite Benefits Group, we offer personalized guidance to help you decide whether universal life insurance aligns with your long-term goals. We’ll assess your financial needs, explain the pros and cons, and recommend the best policy options for you.