What is Universal Life Insurance?
Your insurance policy doesn’t have to work only as a safety net for your loved ones after you
have passed, as can also act as one for the present. That is why R.H. Nicholson & Company
provides the Universal Life Insurance to potential policyholders in Virginia, Maryland, and
Washington D.C. Our representatives provide top-notch customer service through sharing a
dialogue with our clients, taking time to understand their needs and desires for the future,
then assisting them in setting an appropriate insurance plan that will ensure excellent coverage
at an affordable cost.
Among the most cost-efficient life insurance policies available, a Universal Life Insurance plan
is a more permanent form of life insurance that includes an element of investment savings. This
insurance plan provides a number of benefits over others, such as whole life insurance policies.
Below, we provide some examples of them:
Benefits of Universal Life Insurance
- Considerable Flexibility: It also provides lower and more flexible premium
options to their
policyholders, allowing for them to adjust their premiums and death benefits whenever they
require it. A policyholder can also send payments that are greater than the cost of their
insurance premium, with the remainder being added to the cash value that is accumulated.
- Cash-Value Benefits: As discussed before, a universal life insurance policy
build ups up in cash value through interest based on a minimum interest rate or on the
current market, much like a savings account. over the years. They can then access their
funds at a later date for their own purposes, ostensibly making it a source of equity for
them. This is in addition to your beneficiaries receiving compensation from your insurance.
Affordable Universal Life Insurance at R.H. Nicholson & Co. at VA, MD, and DC
Our desire at R.H. Nicholson & Co. is to help our customers receive the best possible insurance
plans that result in smart, long-term benefits for their families and themselves. Contact
us at
703-261-6100 to learn more about our whole life insurance and additional policies.
