Universal Life is a flexible premium, adjustable life insurance product that provides you with the flexibility of choosing the policy features that are appropriate for you and adjusting those features as your financial priorities and needs change.

• When you are in the formative years of raising a family, for example, you can increase your policy's death benefit for extra needed protection.
  
• When a child reaches the age of higher education, you can borrow or withdraw from the cash value of the policy to help you pay college expenses*.
• When your family obligations are reduced, you can decrease your death benefit or increase your premiums up to specified maximums to build a cash value that can help you enjoy a retirement with dignity.

Because of its flexibility and choice, Universal Life could be the only choice you'll ever need for life insurance.

* Proceeds from a life insurance policy paid because of the death of the insured are generally excludable from the beneficiary's gross income for income tax purposes.
Income and growth on accumulated cash values is generally taxable only upon withdrawal.
Adverse tax consequences may result if withdrawals exceed premiums paid into the policy.
Policy loans from life insurance policies generally are not subject to income tax, provided the contract is not a Modified Endowment Contract, a contract in which too much premium is paid, resulting in an over-funded policy. A policy loan or withdrawal from a life insurance policy that is considered to be a Modified Endowment Contract may be taxable upon receipt. Also, in the early years of a universal life policy, a percentage of any amount withdrawn may be subject to federal income tax.
A policy loan or withdrawal will reduce the policy's ultimate death benefit and cash value.