Universal life insurance

Flexibility as your life changes

Universal life insurance provides the potential for protection for your entire life, while while offering the flexibility to change your premium or face amount as your life takes twists and turns. 

Universal life insurance benefits

  • Potential lifetime protection for your loved ones
  • Flexible premiums allow you to adjust your payments, or you can choose a fixed, consistent amount
  • Ability to adjust your benefit amount to align with your changing life – you may want more coverage as your family grows and later decide to reduce your benefit as your children gain independence1
  • Ability to build and use cash value on a tax-preferred basis for unexpected expenses such as travel opportunities, supplemental retirement income or college funding

Universal life insurance considerations

  • If you do not pay enough premium, the policy may lapse
  • Loans and withdrawals will reduce both the death benefit and policy surrender value
  • Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender – consult your tax advisor when considering taking a policy loan

Ready to purchase life insurance?

Call Securian Financial at 1-877-491-5271 or contact us online to talk about your insurance needs.     

Talk through your needs

Estimate your needs

Find out how much life insurance you need.

Use our calculator

Why do I need life insurance?

Life insurance isn’t as complicated or expensive as people think. Here are five excellent reasons to buy life insurance now and stop procrastinating.

Types of universal life insurance

What type is right for you?

If you and your financial advisor determine universal life insurance is a good choice, Securian offers three variations to choose from – fixed, indexed and variable.

The main difference between the products is the risk/return associated with their cash value growth potential. When choosing the ideal product for your needs, you and your advisor should consider your level of risk tolerance.

Risk and expected returns

Universal life risk/return infographic. Fixed universal life provides low risk/return. Indexed universal life has moderate risk/return. Variable universal life has high risk/return

Fixed universal life

Fixed universal life provides flexible premium payments and reliable cash value growth tied to a fixed interest rate, offering stable growth over time.

Fixed universal life

Indexed universal life

Indexed universal life insurance offers cash value growth based on movement of an underlying index account, but does not participate directly in the market.

Indexed universal life

Variable universal life

Variable universal life offers the potential to build cash value based on the performance of the investment options you choose.

Variable universal life

Ask a professional

A financial advisor can help you analyze your needs and help you choose the insurance that’s right for you.     

Find an advisor

Related articles

5 questions to ask when considering long-term care insurance options

Health care costs in retirement can be expensive. Ask these five questions when considering long-term care insurance options to help better prepare.

Annuities: here’s what you should know

Annuities can provide the benefits of tax-deferred growth potential – and a guaranteed income stream throughout retirement. Learn how they work.

Protect your family: Life insurance tips for new parents

Life insurance is important for new parents. Read on for tips about term, permanent and group insurance options, naming a beneficiary, and how to keep costs low.

1 Additional underwriting may be required to increase insurance coverage. 

You should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information. You may obtain a copy of the prospectus from your representative. Please read the prospectuses carefully before investing.

Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods. Variable life insurance products contain fees, such as management fees, fund expenses, distribution fees and mortality and expense charges. The variable investment options are subject to market risk, including loss of principal.

Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender, and will reduce both the surrender value and death benefit. Withdrawals may be subject to taxation within the first fifteen years of the contract. You should consult your tax advisor when considering taking a policy loan or withdrawal.

This information is a general discussion of the relevant federal tax laws provided to promote ideas that may benefit a taxpayer. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. Taxpayers should seek the advice of their own advisors regarding any tax and legal issues specific to their situation.

Guarantees are based on the claims-paying ability of the issuing insurance company. Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.

DOFU 3-2019
781780