When it comes to protecting your family after your passing, a life insurance policy is the way to go. While Linares Insurance offers multiple options for those looking for life insurance, it’s hard to beat the flexibility and affordability offered with the universal life plan. While term life plans are great for short-term, low cost coverage, you may be more interested in a permanent plan, and unfortunately these can get considerably more expensive. With universal life insurance from Linares Insurance, you can get full coverage on a permanent basis and save money doing it, with lower premiums when compared to the whole insurance policies.

With universal life insurance, you can provide your family with financial support in the event you are no longer around to support them yourself. Funeral expenses, medical costs, monthly bills, mortgage payments, and tax concerns are all addressed while your family makes the painful transition to life without you. When you take out a universal life insurance policy with Linares, you can rest easy knowing that your policy protects your family and will not expire; whenever the time of your passing does arrive, there is no question your loved ones will be provided for. It’s hard to put a price on that kind of security, but the fact that you can save money with each payment when compared to other permanent life insurance policies only makes it easier.

Not only do you save money with a universal life insurance policy, you also have flexibility. Unlike with other permanent insurance policies, you get to set the premium you pay each month in relation to the amount of life insurance coverage you want. Your family also has the added bonus of receiving death benefits on a tax-free basis; the beneficiary will generally receive the proceeds without having to worry about any tax concerns with a universal life policy. Likewise, as your policy gains cash value over time, that additional growth is also tax-deferred as well.

Even better, universal life insurance policies provide your family with access to that cash in major life events, whether it involves covering education expenses, retirement supplements, or other financial objectives. Just because a life insurance policy is designed to provide for your family after you’re gone doesn’t mean you can’t use it for important matters when you’re still around.

Another great feature that highlights the flexibility of universal life policies from Linares is the ability to adjust the death benefit and premiums over the course of the policy. Depending on where you and your family are at in life, you can increase your insurance coverage in exchange for higher monthly premiums or pay less and get less coverage whenever you see fit.

Additionally, you can also use the interest from your accumulated savings toward your premium payments, a major advantage when comparing universal life insurance with whole life insurance. When you want long-term protection for your family that also offers affordability and versatility, look no further than a universal life insurance policy with Linares Insurance.