We can review your needs to determine if universal life insurance is the right choice.
Universal life insurance is a type of permanent life insurance that includes both a death payment and a savings component, known as cash value. Unlike term life insurance, which provides coverage for a defined period, universal life insurance covers you for the rest of your life as long as payments are paid. One of its primary benefits is flexibility, allowing you to change your premium payments and death benefits to meet your changing financial demands. This makes universal life insurance a good choice if you’re looking for long-term coverage with investment potential in the Asheville, North Carolina area.
Our team at The Catawba River Insurance Group can help you find the right universal life insurance policy for your needs. With us by your side, you save time and effort, plus we can answer any questions you might have to ensure you have the details to make an informed decision. Plus, we work with several carriers, which means we can offer you a wide range of options to consider. Additionally, we’re a Nationwide Elite agency with a strong reputation for exceptional customer service.
Universal life insurance has both pros and cons to consider, such as varying interest rates, the ability to borrow against the cash value of the plan, and—as mentioned—the option to increase or decrease your premium payments, which can be advantageous during financial difficulties or income fluctuations. We’ll review the pros and cons with you to ensure you’re getting everything you need and understand your policy.
Universal life insurance can be a beneficial financial tool for those seeking permanent coverage with an investment component as well as the opportunity to react to financial changes. Contact a member of our team today to learn more.
At The Catawba River Insurance Group, we offer universal life insurance for customers in Hickory, Blowing Rock, Lenoir, Marion, Linville, Wilkesboro, Banner Elk, Gastonia, Lincolnton, Statesville, Taylorsville, Morganton, Connelly Springs, Granite Falls, Hudson, Valdese, Raleigh, Greensboro, Asheville, Boone, Winston-Salem, Charlotte, Conover, and Newton, North Carolina.