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Universal Life Insurance

Life Insurance Protection With Flexibility

With universal life insurance, you can accumulate cash value that grows tax deferred and can be taken as loans or withdrawals. In some instances, the death benefit can include this cash value in addition to the policy's amount of insurance. It also, within certain limitations, lets you adjust your coverage, and how much premiums you pay to suit your changing needs.

Benefits of universal life insurance:

Income Tax-Free Death Benefit – Under current tax laws, life insurance proceeds are generally free of federal income taxes when they’re paid to the beneficiary.

Flexible Premiums – Keeping a UL policy in effect does not require paying a fixed premium. Premiums may be paid at chosen times and in the selected amount, and premiums may be even be skipped. The policy only stays in effect as long as the policy's net cash surrender value is large enough to pay the policy's costs and charges. The more premium is paid, the larger the policy's net cash surrender value becomes.

Cash Withdrawals — When you have enough cash surrender value you may withdraw or borrow the money. (Loans and withdrawals will negatively impact policy performance, including reducing the available death benefit. If a policy with an unpaid loan is surrendered, a taxable event may occur).

Genworth Universal Life Insurance products are not offered in all states. Talk with your financial advisor to learn more and discuss your options.

Or, you can give us a call, toll-free, at: 888 GENWORTH (888 436.9678).