Life insurance is more than just a policy; it’s a way to protect your family’s financial future and achieve your long-term goals. Among the many options available, universal life insurance stands out for its flexibility and potential for cash value growth. At Riseson Insurance , we help families and individuals in Tempe , Phoenix , Scottsdale , Tucson , Gilbert , and Chandler secure their futures with customizable universal life insurance policies.

Universal life insurance is a type of permanent life insurance that combines a death benefit with a savings component. Unlike term life insurance , which lasts for a set period, universal life insurance provides lifelong coverage as long as premiums are paid. It also offers the flexibility to adjust premiums and the death benefit over time to meet changing financial needs.

Universal life insurance has two primary components:

Death Benefit: This is the amount paid to your beneficiaries when you pass away. You can adjust the death benefit within certain limits, depending on your financial goals. Cash Value: A portion of your premium goes into a cash value account, which grows tax deferred. The growth is typically based on interest rates or investment performance, depending on the type of universal life policy.

Guaranteed Universal Life (GUL) : Offers a guaranteed death benefit with minimal cash value accumulation. It’s ideal for those seeking lifelong coverage at a lower cost. Indexed Universal Life (IUL): Links the cash value growth to a stock market index, such as the S&P 500, offering the potential for higher returns. Variable Universal Life (VUL): Allows you to invest the cash value in various sub-accounts, offering higher growth potential but with increased risk.

Flexibility: Adjust your premiums and death benefit as your financial situation changes. Lifelong Coverage: Provides permanent protection for your loved ones. Cash Value Growth: Build a savings component that can be accessed during your lifetime for emergencies or financial goals. Tax Advantages: Cash value grows tax-deferred, and death benefits are typically paid tax-free to beneficiaries. Customizable Options: Add riders , such as long-term care or critical illness coverage, for additional protection.

Universal life insurance is a versatile policy that can meet various needs, including:

Family Protection: Ensure your loved ones are financially secure after you’re gone. Wealth Transfer: Leave a legacy for your heirs or favorite charities. Supplemental Retirement Income: Access the cash value as a tax-efficient income source during retirement. Business Planning: Use it to fund buy-sell agreements or key person insurance for your business.

While universal life insurance offers many benefits, it’s essential to understand its complexities:

Cost: Premiums can be higher than term life insurance but offer more long-term benefits. Market Risks: Indexed or variable policies are subject to market performance, which can impact cash value growth. Policy Management: Regularly review your policy to ensure it aligns with your financial goals and remains adequately funded.

Universal life insurance provides the flexibility and security you need to plan for the future. Whether you’re looking to protect your family, grow your savings, or leave a legacy, Riseson Insurance can guide you every step of the way.

Call Riseson Insurance at 602-460-5470 to learn more about universal life insurance and how it can fit into your financial plan. Serving Tempe, Phoenix, Scottsdale, Tucson, Gilbert, and Chandler, we’re your trusted partner in securing your future. Let’s build a policy that works for you!

What is Universal Life Insurance?

How Does Universal Life Insurance Work?

Types of Universal Life Insurance

Benefits of Universal Life Insurance

Is Universal Life Insurance Right for You?

Considerations for Universal Life Insurance

Secure Your Future Today

1. Death Benefit: This is the amount paid to your beneficiaries when you pass away. You can adjust the death benefit within certain limits, depending on your financial goals.
2. Cash Value: A portion of your premium goes into a cash value account, which grows tax deferred. The growth is typically based on interest rates or investment performance, depending on the type of universal life policy.

1. Guaranteed Universal Life (GUL) : Offers a guaranteed death benefit with minimal cash value accumulation. It’s ideal for those seeking lifelong coverage at a lower cost.
2. Indexed Universal Life (IUL): Links the cash value growth to a stock market index, such as the S&P 500, offering the potential for higher returns.
3. Variable Universal Life (VUL): Allows you to invest the cash value in various sub-accounts, offering higher growth potential but with increased risk.

1. Flexibility: Adjust your premiums and death benefit as your financial situation changes.
2. Lifelong Coverage: Provides permanent protection for your loved ones.
3. Cash Value Growth: Build a savings component that can be accessed during your lifetime for emergencies or financial goals.
4. Tax Advantages: Cash value grows tax-deferred, and death benefits are typically paid tax-free to beneficiaries.
5. Customizable Options: Add riders , such as long-term care or critical illness coverage, for additional protection.

• Family Protection: Ensure your loved ones are financially secure after you’re gone.
• Wealth Transfer: Leave a legacy for your heirs or favorite charities.
• Supplemental Retirement Income: Access the cash value as a tax-efficient income source during retirement.
• Business Planning: Use it to fund buy-sell agreements or key person insurance for your business.

1. Cost: Premiums can be higher than term life insurance but offer more long-term benefits.
2. Market Risks: Indexed or variable policies are subject to market performance, which can impact cash value growth.
3. Policy Management: Regularly review your policy to ensure it aligns with your financial goals and remains adequately funded.