Universal Life Insurance

Universal Life (UL) insurance plan offers lifelong coverage to the family upon the death of the policyholder. This policy may also accumulate a cash value, depending on the amount of premium paid. Under this kind of life insurance plan, you can receive permanent financial protection with flexibility that matches your financial needs and abilities.

Death benefits are guaranteed as long as a specified premium amount is paid. LifeCentra offers a variety of affordable universal life insurance products to meet your specific time frame, as well as your financial needs.

Universal Life Insurance


UL is a type of permanent life insurance. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which accumulates over time.

Under a universal life plan, the policy allows for varying premiums provided there is sufficient value in the account. As the policyholder, you may also select an option for guaranteed death benefits.

You choose the amount of premium to be paid within certain limits, provided that your account holds enough value to pay for monthly administrative and insurance charges. Payments are flexible, allowing the option to pay the amount you need to meet your current financial situation.

Universal life insurance is an ideal choice for those who want:

  • Guaranteed death benefits for their loved ones’ security
  • Additional protection over and above employer-supplied coverage/other plans
  • Life insurance options to match their financial goals
  • Permanent life insurance with low-cost protection
  • Flexible payment plan options
Universal life insurance offers low-cost protection against life’s uncertainties, and gives you better financial security all your life.

What is my next step?

Remember, universal life insurance coverage has an option for guaranteed death benefits that also accumulates a cash value. Planning ahead for your needs is important; LifeCentra can assist with all your life insurance needs. Let us help you get started today!


People frequently buy universal life insurance to:

  • Provide income replacement for their loved ones to continue meeting expenses
  • Ensure that funeral and related expenses are covered after their death
  • Build an additional asset for financial emergencies or retirement income
  • Pay off long-term debts like mortgages and education fees
  • Maintain their standard of living after they retire from work

How much Insurance do I need? >


Universal Life Insurance Calculator

Our interactive calculator gives you an estimate of how much coverage you should invest in, for lifetime protection as well as income replacement.

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Consider choosing universal life insurance if you need financial protection during your lifetime and death benefit coverage for your family too.
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