Universal Life Insurance
Universal Life Insurance is a type of Permanent Life Insurance that builds cash value at a fixed rate of return and guarantees that your coverage will never lapse, provided your premiums are paid.
With Universal Life Insurance, you control the amount and frequency of premium payments. That means you can pay smaller or larger premiums - depending on your financial circumstances. This is often an important feature for families whose ability to pay may fluctuate over time. However, paying reduced premiums can affect your policy's cash value and death benefit, and may cause increased premium requirements later.
The payments you make are credited to the cash value of your policy. Policy charges and fees are drawn from the cash value. Funds remaining after premiums are paid are credited with monthly interest, as determined by the insurer.
There are many types of Universal Life Insurance available. Contact us for more information. Our financial experts can help you determine which plan is best for you.
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Investment Management services are offered through Fidelity Investments.
Securities are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC.
Fixed Insurance is offered through Consolidated Life Producers.
Services, securities and insurance offered through Independence Financial Advisors, LLC and Fidelity Investments, Infinex Investments, Inc. and Consolidated Life Producers are not FDIC-insured, are not deposits or obligations of nor guaranteed by Franklin Savings Bank or its affiliate. These products are subject to investment risk, including possible loss of value and are not insured by any federal government agency. For more information about a particular security, ask for a prospectus. Please read it carefully before making an investment.