Universal Life Insurance, Blowing Rock, NC

HomeLife Insurance, Blowing Rock, NCUniversal Life Insurance, Blowing Rock, NC

Universal life insurance is a unique and more flexible form of permanent life insurance coverage.

When it comes to life insurance, most people are familiar with term life insurance and whole life insurance. Term life insurance offers a set amount of coverage for a set amount of time as long as the premiums are paid, but builds no cash value. Whole life insurance offers a set amount of coverage for life as long as the premiums are paid and builds cash value. Universal life insurance is a relatively new offering. It is a unique and more flexible form of permanent life insurance coverage.

Universal Life Insurance in Blowing Rock, North Carolina

Here are some of the ways that universal life insurance is different from traditional whole life coverage:

  • More variable: Universal life insurance is more susceptible to market conditions. As interest rates vary, there may be a period of low or no growth in your account balance.
  • More flexible: Life sometimes brings unexpected changes, and universal life insurance may allow you to adjust the premiums you pay or even the benefit amounts of your policy without requiring new health assessments. Once the premium and benefit of a whole life policy is established, it typically cannot be altered, only cancelled.
  • Option to borrow: Emergencies happen, and you may be able to borrow cash out of your universal life insurance account. There is a risk of underfunding your account, so it should be done only when necessary and after careful consideration.

At The Catawba River Insurance Group, we are proud to offer access to universal life insurance along with a wide array of product offerings from reputable insurance carriers. We serve Blowing Rock, North Carolina and the surrounding area. Give us a call now.


At The Catawba River Insurance Group, we offer universal life insurance for customers in Hickory, Blowing Rock, and Lenoir, North Carolina.