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Universal life insurance

Flexibility as your life changes

Universal life insurance provides the potential for protection for your entire life, 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 independence2
  • Ability to build and use cash value on a tax-advantaged 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

How do I purchase life insurance?

Our insurance products can be purchased through a financial professional or may be offered through your employer, financial institution or association.

To see how much insurance you may need, use our easy-to-follow calculator. 

Start calculating

Why do I need life insurance?  (article with video)

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 professional determine universal life insurance is a good choice, Securian Financial 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 financial professional should consider your level of risk tolerance.

Risk and return

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

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1. If owner/insured are different, the death benefit will be paid upon death of the insured. 

2. Additional underwriting may be required to increase insurance coverage. 

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit. 

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 mortality and expense charges, and may contain restrictions, such as surrender periods. There may also be underlying fund charges and expenses, and additional charges for riders that customize a policy to fit individual needs. Charges and expenses may increase over time. 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.

You should consult your tax advisor regarding your own tax situation. 

Guarantees are based on the claims-paying ability of the issuing insurance company.

DOFU 3-2022