Life Insurance

Universal Life Insurance From United of Omaha Life Insurance Company or Companion Life Insurance Company

Universal life offers the following advantages:

  • Lower-cost life insurance (compared to whole life insurance)
  • No-Lapse Protection
  • A tax-advantaged savings element that provides a cash value with a guaranteed minimum interest rate
  • Flexibility to adjust your premium payment and death benefit as your needs change
  • Favorable loan features

Universal Life insurance is flexible-premium, adjustable-benefit, permanent life insurance that can accumulate values beyond the guaranteed cash value. In addition to its cash values which can be used for children’s educations, to supplement retirement income and for incidental expenses, universal life insurance is flexible enough to change as your needs change.

We offer more than one universal life insurance plan. As you compare some of our universal life plan features, it may become obvious which type is right for you. Or, you may begin to realize you need assistance from a licensed insurance agent.

Our Universal Life Insurance Plans

 

Guaranteed Universal Life / Guaranteed Universal Life Plus

AccumUL Plus

AccumUL
Answers

Guaranteed
Universal Life Express

Issue Ages

18-85 years

0-85 years

0-85 years

18-65 years

Death Benefit Amounts

$100,000* - $1,000,000 and above

$25,000 - $1,000,000 and above**

$25,000 - $1,000,000 and above**

$50,000 - $250,000

Premiums

Flexible

Flexible

Flexible

Flexible

Covers Needs
  • Income protection
  • Income protection
  • Protects cash value from risk of market fluctuation
  • Income protection
  • Protects cash value from risk of market fluctuation
  • Income protection
Product Strengths Guaranteed Universal
Life Strengths
  • Helps you guarantee a death benefit
  • Able to add features to customize plan
Guaranteed Universal
Life Plus Strengths
  • Offers enhanced cash value
  • Competitive dump in and short pay premiums and is ideal for 1035 exchanges
  • Able to add features to customize plan
  • Helps you accumulate funds for later use (retirement income, education fund) while also providing a death benefit
  • Able to add features to customize plan
  • Accumulates a cash value that provides flexibility should your coverage needs change in the future

  • Able to add features to customize plan
  • Simplified underwriting
  • Quick issue process
  • Helps you guarantee a death benefit
  • Able to add features to customize plan
 
If you have questions and would like to schedule an appointment, call toll free (800) 931-7105 or Contact Us

We also offer universal life products for your estate planning needs: single premium universal life and guaranteed universal life survivor.

*$50,000 for ages 66-85 Standard Non-Tobacco and Standard Tobacco. $100,000+ for ages 81-85 Standard Non-Tobacco and Standard Tobacco.

**Below $100,000 only Standard Non-Tobacco and Standard Tobacco risks are available, ages 0-17 Standard Non-Tobacco only, ages 18-80 (all risks), ages 81-85 Standard Non-Tobacco and Standard Tobacco risks only.

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