Universal Life Insurance is designed to provide long-term protection when you have needs for an indefinite period of time. While more expensive than term insurance, you will have a cash value built up inside the policy on a tax-deferred basis. This provides you with flexibility during the life of the policy. While the main purpose for life insurance is to protect your family or your business, the investment in this policy can play a role in retirement, college education, or other lifetime goals.
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