Universal Life Insurance - Service Hub Insurance

Universal Life Insurance

Searching for a universal life insurance policy is an important component of financial planning. This type of insurance comes in a number of different styles and many are at a loss of which coverage will be right for their own budget and the needs of their family. Within the scope of life insurance, one of the most popular forms of coverage is a universal life insurance policy that offers some flexibility as well as permanent coverage.


How Does Universal Life Insurance Works?

Life insurance is generally used to cover some or all of the costs that will take place leading up to an individual’s death as well as the short period after they pass away. This may include short-term medical treatments, ambulance trips, and funeral costs. These policies can also be designed to help a family and loved one in those difficult few months after death with expenses such as a mortgage or car payments. The amount of coverage is directly affected by how much the premium payments are during each month or quarter.

 

Types of  Universal Life Insurance

Universal life insurance policies are different than other forms of coverage due to the fact that they will remain active as long as the policyholder is alive and continues to pay the premiums. This means that policyholders do not need to worry about issues such as their policy going inactive after a specific set of times. Each time a premium is paid, the insurance provider will take an administrative fee and then leave the rest of the balance in the account in order to collect interest.

 

Benefits

As time goes on, those with a flexible universal life policy may have the option to raise or lower their premiums depending on their current financial situation or their projected needs in the future. This flexibility allows the policyholder to enjoy the benefits of having a permanent policy without the static premiums that could become overwhelming in the event the policyholder is laid off, promoted, a new child is born, or any other major financial factor comes into play. Want to learn more? Get a free quote today only available for Tampa, Florida residents. 

Why You Should Buy Universal Life Insurance RIGHT NOW?

You may be thinking, "Why should I buy insurance right now?" Well, the answer is simple. Insurance services & policies can protect you from financial disaster in case of an accident or injury. Insurance provides a safety net for your family and loved ones to help them get back on their feet if something terrible happens to you. It's important not only for your peace of mind but also for the future well-being of your family. 

Insurance services & policies can give you peace of mind knowing that your family will be taken care of if something were to happen without any worry on their part. With so many different types and packages available, there are options for every type of person’s needs! At Service Hub Insurance we'd love to answer any questions or concerns about how coverage works because when someone buys insurance they're taking steps towards financial stability. We're proudly serving Floridians Insurance needs since 2014 in our Insurance Services Office in Tampa, Florida.

If the unthinkable happens and you have a life-changing event such as an injury, illness, divorce, death in the family, etc., it's only natural for us to want to protect ourselves financially from what's happening with our lives by applying for disability benefits or getting long term health care plans.

After all, is said and done, it'll be a good day when you know your family will be taken care of if something were to happen without any worry on their part.

Let us help you find the best possible insurance services & policies at the lowest possible price. Call us today to get an insurance quote at (813) 443-6250. Or click to schedule an appointment.