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

If you are looking for large face amounts and moderate accumulation, then a Guaranteed Universal Life Plus insurance policy may be the choice to consider. This universal life insurance policy offers you many ways to manage and protect the financial future of your family. This policy works well for "dump-ins," "short pay premiums" and 1035 exchanges (see explanations below) and is designed to help you achieve your goals on your terms.

Guaranteed Universal Life Plus Features

Guaranteed Universal Life Plus is one of our universal life insurance policies. It can be used for certain strategies - such as 1035 Exchanges - that other universal life policies may not be suited for. Some of the features of Guaranteed Universal Plus include:

Short Pay Premiums

Short-pay premiums mean that you pay your premium in a reduced timeframe, rather than over the life of the policy. This option can be helpful for those who can afford it. Talk with your licensed insurance agent to see if a short-pay premium universal life insurance policy is a good fit with your financial goals.

Dump-In Options

"Dump In" refers to a lump sum of money that is put into an insurance policy, typically when the policy coverage begins. It is similar, but different, from a 1035 Exchange. Typically the dump in refers to a liquid asset, like a bank account, that is put into the policy.

1035 Exchange

A 1035 Exchange is a transaction where the cash value of an existing life insurance policy, or other account, is transferred into a life insurance policy. This transaction is a tax-free transfer, so it can be a useful tool if you decide to switch from one insurance policy to another, or to add money to your insurance policy from an investment or annuity account.

(Learn more about 1035 Exchanges)

Riders and Benefits

Riders and benefits like accelerated death benefits, disability rider, accidental death benefits and more are available for your universal life insurance policy. These policy riders help increase the protection available to you and secure the financial future of your family.

Solid, Secure Life Insurance

Talk to one of our local licensed insurance agents to decide if Guaranteed Universal Plus life insurance is the right policy for your situation and goals.