Universal Life Insurance

Universal life insurance policy like all other life insurance policies provides a lump sum as compensation to the beneficiary of an insured person when they are no more. It is unique for having a special cash value package.

Universal life insurance policy like all other life insurance policies provides a lump sum as compensation to the beneficiary of an insured person when they are no more. It is unique for having a special cash value package. 

 

This involves the splitting of your premium into two parts designed to make you enjoy some value while alive and still have death benefit paid to your beneficiary when you are no more.

 

It meets your demand for a more flexible life insurance policy

 

Life Insurance for you

As a flexible insurance policy, universal life insurance policy and coverage enable you to choose your payment terms. You can decide how much premium you will pay within a given period.

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Non-Taxable

Another unique aspect of this universal life insurance policy is that there is room for savings and investment which will be accessible to you during your lifetime. It will be paid along with interest accrued on your savings. This cash value policy is a major feature of permanent life insurance policies like universal life insurance.

 

Life insurance is always worth it. You can get the right life insurance policy with ESI. Contact ESI and let our professionals guide you to make the right life insurance choice.

Cash Withdrawal

Your universal life insurance policy can allow a cash withdrawal based on your policy limit. The more you pay your premium the more your cash value builds up. One thing you should know about whole life insurance is that it has some benefit for you while alive. You can access a portion for your cash value within your policy limit to help you meet certain needs.

Dividends

Owners of universal life insurance policies get dividends on their premiums. The dividend is accessible and can be reinvested in other insurance policies to ensure a holistic cover. Dividends are among the benefits of the whole life insurance policy.

Collateral

Your universal life insurance policy builds up cash value so it can be collateral for loans. This gives some financial flexibility to your life insurance policy.

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Flexible Life Insurance

As a flexible insurance policy, universal life insurance policy and coverage enable you to choose your payment terms. You can decide how much premium you will pay within a given period.

Savings and investments

Another unique aspect of this universal life insurance policy is that there is room for savings and investment which will be accessible to you during your lifetime. It will be paid along with interest accrued on your savings. This cash value policy is a major feature of permanent life insurance policies like universal life insurance.

Universal Life insurance is always worth it. You can get the right insurance policy with ESi. Contact ESi and let our professionals guide you to make the right life insurance choice.

Term life insurance policy and coverage

Unlike whole life insurance policies, term life insurance policies provide life insurance coverage for s specific period of time. Term life insurance policy provides life insurance coverage for a period that is limited when compared to whole life insurance and universal insurance policies.

It provides this coverage at a fixed rate of premium payment which will guarantee life insurance cover for the insured for that period that the policy covers.

Within that period, death benefit which involves a lump sum is paid to the beneficiary of the insured in the event of death.

Workers Compensation Benefits

This policy ensures that the organization doesn’t have to bear the financial burden for work related injuries to employees. Some of the benefits provided by this policy include disability, medical coverage, rehabilitation, and death.

Cyber Liability Insurance

Cyber Liability Insurance provides insurance coverage for the information in your computer and database so that in the event of a cyber-attack, hacking, malwares or virus attack, you will be compensated for the financial burden it caused.

Inland Marine Insurance

Inland marine insurance compensates for losses on any movable property, especially products that are in transit. It ensures you get compensated for damages done to your property or asset while there are being transported or moved.

Umbrella Insurance

This policy makes provision for the excesses that other forms of liability insurance do not cover. It does not provide coverage for the property of the insured but for damages to someone’s property to them that are not covered.

Term Life Insurance

This policy pays a lump sum to the beneficiaries of the insured person after they are no more. This coverage is at a fixed rate of premium payment which will guarantee an insurance cover for the insured in that period stated in the policy.

Whole Life Insurance

Whole life insurance policies are made to remain in force throughout the lifetime of the insured person. The insured continues to meet up with the premium demands until they are no more. It is unique for having a special cash value package.

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