Why is Universal Life Insurance a Must-Have for you?
Benefits as an individual…
Universal life insurance is a type of permanent life insurance that provides both a death benefit and a savings component. Unlike term life insurance, which only provides coverage for a specific period of time, universal life insurance provides coverage for your entire life.
One of the key benefits of universal life insurance is its flexibility. You have the ability to adjust your premium payments and death benefit as your needs change over time. Additionally, the savings component of universal life insurance allows you to accumulate cash value over time, which you can use to supplement your retirement income, pay for unexpected expenses, or even borrow against if needed.
Benefits as a business owner…
As a business owner, Universal life insurance is an investment that can protect your company and your employees. One of the main benefits of universal life insurance for business owners is the ability to accumulate cash value over time. This cash value can be used to fund a variety of business needs, such as purchasing equipment, expanding your business, or even paying for employee benefits. Additionally, the death benefit can provide financial security for your loved ones in the event of your unexpected passing.
Another advantage of universal life insurance is the tax benefits it offers. The cash value of the policy grows tax-deferred, meaning you won’t have to pay taxes on the growth until you withdraw the funds. Additionally, the death benefit is typically paid out tax-free to your beneficiaries.
Mosaic Insurance Group understands the importance of protecting your loved ones and securing your financial future. That’s why we offer a range of universal life insurance options to meet your unique needs and budget. If you’re interested in learning more about universal life insurance and how it can benefit you. We’re here to help you make informed decisions about your financial future. Mosaic Insurance Group can offer this product in the state of Georgia and surrounding Southeast States.