Universal Life Insurance

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Universal Life Insurance

What is universal life insurance?

A universal life plan builds fund value while providing flexible life insurance coverage to meet your changing needs. Premium payments are adjustable, as is the amount of insurance coverage you select. fund value accumulations are tax-deferred and earn a competitive rate of interest. Cost of insurance charges and expense charges are deducted each month.

How does universal life insurance compare with term life insurance?

Universal life gives you the security of term life insurance with the added advantage of flexibility. You can choose to change the face amount of your insurance (subject to evidence of insurability), or decrease, skip or even stop your premium payments as long as there is sufficient fund value to cover your premium. These options available to you through universal life insurance may make it the last life insurance policy you’ll ever need.

What company insures the plan?

American Heritage Life Insurance Company is a wholly-owned subsidiary of The Allstate Corporation, one of the largest insurance companies in the nation. American Heritage Life Insurance Company is rated “A+” (Superior), by A.M. Best (2005), an independent rating service that reviews the financial status of thousands of insurers. Ratings reflect Best’s opinion of the relative financial strengths and operating performance of an insurance company in comparison to the norms of the life/health insurance industry.

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