• LIFE PRODUCTS

        • Your Guide for a fortified tomorrow.

        • Term life insurance is a type of life insurance policy that provides coverage for a specified period, known as the term.

          Unlike permanent life insurance policies, such as whole life or universal life, which offer coverage for the insured’s entire life, term life insurance offers coverage for a predetermined period, typically ranging from 5 to 30 years.

          This type of insurance is designed to provide financial protection to your loved ones in the event of your untimely death during the term of the policy.

          Universal life insurance is a type of permanent life insurance that combines a death benefit with a cash value component.

          Unlike whole life insurance, which typically offers fixed premiums and cash values, universal life insurance provides policyholders with flexibility in premium payments, death benefit options, and the allocation of cash value among investment accounts.

          This flexibility allows policyholders to adjust their coverage and premiums over time to suit their changing financial needs and goals.

          Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as premiums are paid.

          Unlike term life insurance, which offers coverage for a specified period, whole life insurance offers lifelong protection and includes a cash value component that grows over time.

          This cash value accumulation provides policyholders with an additional financial asset that can be accessed during their lifetime through policy loans or withdrawals.

          Long Term Care (LTC) insurance provides financial protection by covering the expenses related to long-term care services, encompassing a wide range of healthcare needs including nursing home care, assisted living facilities, in-home care, and various medical services required for chronic illnesses, disabilities, or conditions necessitating assistance with daily activities over an extended duration of time.

          Disability insurance is a type of insurance coverage designed to provide financial protection in the event of a disabling injury or illness that prevents an individual from working and earning an income.

          Disability insurance replaces a portion of the insured individual’s income if they become disabled and are unable to work, helping to cover essential living expenses, medical bills, and other financial obligations during a period of disability.

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Welcome to
Universal Life Insurance

Your Flexible Choice

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What is Universal Life Insurance

Universal life insurance is a type of permanent life insurance that combines a death benefit with a cash value component.

Unlike whole life insurance, which typically offers fixed premiums and cash values, universal life insurance provides policyholders with flexibility in premium payments, death benefit options, and the allocation of cash value among investment accounts.

This flexibility allows policyholders to adjust their coverage and premiums over time to suit their changing financial needs and goals.

Why Universal Life Insurance

Universal life insurance offers several advantages that make it an attractive option for individuals seeking both protection and investment growth. One of the primary reasons people choose universal life insurance is its flexibility.

Policyholders have the flexibility to adjust their premiums and death benefits based on their financial situation and goals, allowing for greater control over the policy’s performance and value.

Additionally, universal life insurance offers the potential for cash value accumulation through investment accounts, providing policyholders with an opportunity to grow their savings tax-deferred. This cash value can be accessed during the policyholder’s lifetime through policy loans or withdrawals, offering a supplemental source of funds for various financial needs.

How does Universal Life Insurance Work

Universal life insurance is a type of permanent life insurance that combines a death benefit with a cash value component.

Unlike whole life insurance, which typically offers fixed premiums and cash values, universal life insurance provides policyholders with flexibility in premium payments, death benefit options, and the allocation of cash value among investment accounts.

This flexibility allows policyholders to adjust their coverage and premiums over time to suit their changing financial needs and goals.

Who may need Universal Life Insurance

Individuals Seeking Flexibility

Individuals looking for a life insurance policy that offers flexibility in premium payments, death benefits, and investment options.

Wealth Accumulation

Individuals interested in growing their savings tax-deferred through investment accounts within the policy.

Estate Planning

Individuals seeking to transfer wealth to future generations or cover estate taxes efficiently.

Business Owners

Business owners seeking to fund buy-sell agreements, key person coverage, or provide executive benefits.

Supplemental Retirement Income

Individuals looking for additional sources of income during retirement through policy loans or withdrawals.

Universal Life Insurance Advantages and Disadvantages

Advantages
checkedFlexibility in premium payments, death benefits, and investment options, allowing policyholders to customize their coverage to suit their needs.
checkedPotential for cash value accumulation and investment growth tax-deferred, providing a supplemental source of savings or investment.
checkedOption to access cash value through policy loans or withdrawals for various financial needs, such as retirement income or education expenses.
checkedLifetime coverage, ensuring that the policy remains in force as long as premiums are paid, providing peace of mind to policyholders and their loved ones.
checkedAbility to adjust the policy over time to reflect changes in financial goals, family dynamics, or economic conditions.
Disadvantages
Complexity associated with understanding policy features, costs, and benefits, requiring careful consideration and guidance from a financial advisor.
Premium payments may be subject to change based on policy performance and investment returns, leading to potential increases in future premiums.
Risk of policy lapse if cash value is insufficient to cover insurance costs, requiring ongoing monitoring and management of the policy.
Cash value growth may be lower than alternative investment options, depending on market conditions and interest rates.
Policy loans or withdrawals reduce the death benefit payable to beneficiaries and may incur interest or fees.

Universal Life Insurance Tools and Resources

Calculator
Educational Resources
Speak to an Adviser
Customer Support

FREQUENTLY ASKED QUESTIONS

Life cover, also known as life insurance, provides financial protection to your loved ones in the event of your death. It offers a lump sum payment to the beneficiaries, helping them maintain their financial stability and cover expenses such as funeral costs, mortgage payments, and everyday living expenses.

EMAXONELIFE offers a range of life insurance products to cater to different needs and preferences. Our life insurance options include term life insurance, whole life insurance, universal life insurance, (IUL) indexed universal life, long term care insurance, disability insurance, and annuity products. Each product provides unique features and benefits allowing individuals to choose the coverage that best suits their requirements.

EMAXONELIFE offers life insurance coverage to a wide range of individuals. Eligibility requirements may vary depending on the specific policy and coverage selected. Generally, anyone who meets the following criteria can apply for life insurance:

checkedMust be of legal age (18 years or older)
checkedMust be a citizen or permanent resident
checkedMust meet the underwriting standards set by EMAXONELIFE, including health and lifestyle factors.
checkedSome policies may have additional eligibility criteria or restrictions, which can be discussed with an EMAXONELIFE Insurance Advisor.
Life insurance is available to individuals who meet the eligibility criteria set by EMAXONELIFE. While the specific requirements may vary, generally, the following individuals can have life insurance:
playtime for minorsMinors
working professionalsWorking professionals
stay at home parentsStay-at-home parents
seniorsSeniors
business owners 1Business owners
financial dependentsIndividuals with financial dependents
homeowners with mortgagesHomeowners with mortgages
individuals seeking to protect their loved ones financiallyIndividuals seeking to protect their loved ones financially

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