Universal Life Insurance

Get the most long-term protection for your dollar.

Universal life insurance offers permanent coverage throughout the policyholder’s lifetime, allowing them to adjust premiums and coverage amounts to meet their changing needs and budget. Additionally, it can provide a cash value that grows over time, serving as a source of funds for future expenses or investments, and may offer tax advantages for policyholders.

Benefits of Whole Life Insurance:

Provides permanent coverage for the policyholder’s lifetime, unlike term life insurance, which covers a specific period.
Adjustable premiums and coverage amounts to meet their changing needs and budget over time.
Growing cash value can grow over time.
Tax advantages for policyholders, such as tax-free withdrawals and loans from the policy’s cash value.

What makes Universal Life different from other long-term insurance policies?

Here are some factors to consider when comparing life insurance policies:

Universal Life insurance is different from other long-term insurance policies in several ways:

Flexible premiums: Universal Life policies allow policyholders to adjust their premiums within certain limits, depending on their financial situation.
Adjustable death benefit: Policyholders can also adjust their death benefit, determining the amount their beneficiaries receive upon death.
Cash value: Universal Life policies accumulate cash value over time based on interest rates and other factors. This cash value can be used to pay premiums or borrowed against if needed.
Investment options: Some Universal Life policies offer investment options within the policy, allowing policyholders to earn a higher rate of return on their cash value.
Overall, Universal Life policies offer more flexibility and control than other long-term insurance policies, which can be attractive to individuals who want more customization in their coverage. However, the policyholder assumes more risk and responsibility for managing the policy.

We offer two types of universal life insurance.

Universal Life

NexusFSG Universal Life insurance policies are a permanent life insurance option that offers both a death benefit and a savings component. It enables policyholders to customize their coverage to meet their unique protection and savings goals. The policy’s cash value can grow over time, potentially providing a source of funds for future expenses or investments. However, it can be more costly than term life insurance, and its cash value growth is not guaranteed, subject to market fluctuations and policy fees.

Custom Universal Life Guarantee

Custom Universal Life Guarantee is a type of life insurance product offered by some insurance companies. It is a permanent life insurance option that provides both a death benefit and a savings component. This policy allows policyholders to customize their coverage and premiums to meet their specific needs and budget. It offers a guarantee that the policy’s death benefit will be paid out, as long as the policy’s premiums are paid on time and the policy remains in force.

Nexus Financial Services Services Group is a Community First Financial company. We are dedicated to providing comprehensive insurance and wealth management solutions to protect what matters most to you and the communities in which you live. With over 20 years of experience, our team of insurance experts understands the unique needs of individuals, families, and businesses – The community. We offer a range of insurance options, including life, health, property, and casualty insurance, to ensure that you have the coverage you need to safeguard your financial security and peace of mind.

Universal Life Insurance

Get the most long-term protection for your dollar.

Benefits of Whole Life Insurance:

What makes Universal Life different from other long-term insurance policies?

We offer two types of universal life insurance.

Universal Life

Custom Universal Life Guarantee

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