Why Do People Buy Universal Life Insurance?

Shawn Plummer

CEO, The Annuity Expert

Why Do People Buy Universal Life Insurance?

Flexible Premiums

  • Adjust payments based on financial situation.

Lifetime Coverage

  • Protection extends for life, not just a term.

Cash Value Accumulation

  • Part of the premium grows as a tax-deferred savings component.

Estate Planning

Adjustable Death Benefits

  • Option to increase or decrease the benefit amount.

Tax Benefits

  • Death benefits are generally tax-free to beneficiaries.

Borrowing Against Policy

Supplement Retirement Income

  • Policy’s cash value can supplement retirement funds.

Business Planning

Financial Security for Dependents

  • Ensures dependents are financially supported.

Covering Final Expenses

Wealth Accumulation

  • A tool for long-term financial planning and wealth accumulation.

Policy Customization

Fixed Interest Accumulation

  • The cash value grows at a minimum guaranteed rate.

Funding Education or Other Goals

  • Can help in funding children’s education or other financial goals.


Universal life insurance offers a combination of flexibility, long-term protection, and financial planning advantages, making it a popular choice for diverse needs. For those considering universal life insurance, it’s essential to get the right information and quotes to make an informed decision.

For personalized universal life insurance quotes and expert advice, visit The Annuity Expert.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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