Universal Life Insurance - The Overstreet Agency

Universal Life

Life is a constantly changing, dynamic force, and The Overstreet Agency believes your life insurance needs to adjust accordingly. When it comes to estate planning, consider universal life insurance, an Ameritas life insurance product, which is available to you right here at Overstreet. Our policies and life insurance products are designed with you in mind, providing for your unique lifestyle needs and ensuring the protection of your loved ones for a lifetime.

The Overstreet Agency provides a full range of universal life insurance options that suit your unique lifestyle, preferences, and needs. All the cash value you earn is tax-deferred.

Understanding Universal Life Insurance

Universal is a permanent life insurance product that provides flexibility in both your premium payment and death benefits. Unlike whole life insurance which only offers a fixed premium and payout, with universal, you are able to adjust your contributions over time and change the payout your loved ones will receive upon your passing. Additionally, universal life insurance offers the ability to grow savings through adjustable cash value growth. Overstreet has one of the best variable universal life insurance policies available today, provided through Ameritas with the best universal life insurance rates.

What are the Benefits of Universal Life Insurance?

Universal life insurance will protect your family for a lifetime if you pay sufficiently toward your premiums. When you pay your premium, a portion of it goes toward the death benefit that will be provided for your family one day and the remaining amount goes toward the cash value of your policy, which is tax-deferred. The death benefit is distributed to your beneficiaries for life and you can utilize the cash value of your policy by taking a loan or withdrawing cash. The most beneficial aspect of a universal life policy is the flexibility it affords. You can adjust your premium up or down, skip some premium payments if you have enough cash value saved, and change your coverage (death benefit) amount. A UL policy helps you protect your family while also reducing estate taxes and easing the transfer of wealth upon your passing.

AvailableTypes of Universal Life

Standard Universal Life Insurance

This is the best option for those seeking a stable and risk-free cash value. With this plan, your cash value will grow at a guaranteed fixed interest rate. This will likely yield the lower side of returns but that balances with the guaranteed rate.

Indexed Universal Life Insurance

The best indexed universal life insurance policy gives you potentially greater returns, as your cash value grows in part due to one or more stock market indexes. You are not involved in the actual stock yourself but through Ameritas, your earnings will reflect market indexes. Overstreet is your reliable and trustworthy index universal life insurance provider, guiding you through the process and protecting your best interests along the way.

Variable Universal Life Insurance

This life insurance plan gives you the ability to invest part of your premium directly into mutual funds or other investment options. Your cash value will grow according to the performance of your investments. A variable life insurance policy can give you the greatest cash rewards but it also comes with potentially greater risk, as it fluctuates depending upon the stock market. As the saying goes, with great risk comes great reward!

Additional Life Insurance Products

The Overstreet Agency offers various riders, or add-ons, to your universal life policy for increased protection. These riders are customizable and you can select one or more to add to your policy. These features enable you to:

- Access part of your policy’s death benefit while you are living if you suffer a medical condition or accident

- Have the flexibility to choose to maintain your policy or pay your premiums if you should become disabled during your lifetime

- Provide a higher death benefit for your loved ones upon an accidental death

- Choose guaranteed payments for life and use universal life insurance for retirement income supplements

- Obtain life insurance for your children, starting immediately, in addition to your own life insurance policy for parents

The Overstreet Agency offers the best universal life insurance rates, providing you with the most affordable universal life insurance available with robust, comprehensive coverage. Contact us now and start earning for your loved ones’ future today!