Universal Life Joint Insurance

Our Universal Life Joint solution offers:

Policy

• Policies start at $50,000
• Available to people ages 18-85
• Permanent life insurance for two people with a single death benefit
• Option for surviving partner** to purchase life insurance without underwriting if partner passes away
• An income-tax free* death benefit and cash value accumulation, as long as you pay enough in premiums
• The cash value of your policy earns a “current” interest rate, which can fluctuate over time, but the cash value will never earn less than the guaranteed interest rate

Premiums

• Adjust your policy’s coverage and premium payments
• Choose to pay your premiums monthly, quarterly, semi-annually, or annually
• Payments can be automatically deducted from your bank account for simplicity and ease

Options & Extra Benefits

• A variety of riders can be added for extra protection
• Can be used with the Bi-Weekly Benefit Plan
• Access to exclusive BetterLife Member Benefits

Download our Universal Life Info Sheet

*According to tax laws IRC Sections 101 & 7702. **The surviving must be under age 71 for this option to apply.

How is Universal Life flexible?

1. You get a promotion and purchase a bigger house and need to increase your coverage. You can adjust your policy to cover additional assets (application and underwriting required).
2. Your children graduate from college, and your financial responsibilities decrease. You can reduce the coverage amount of your policy and, as a result, lower your premiums.
3. You want to increase your cash value. Increase your premium payments, so your cash value accumulates more quickly and earns more interest.