Life Insurance

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

All of the life insurance policies we offer are designed with your family's future in mind. Each policy aims to help provide financial assistance if it ever becomes necessary. But each policy is slightly different, to offer a variety of coverage options and serve a variety of needs.

Universal life insurance is a lower-cost alternative to whole life insurance. However, whole life insurance and universal life insurance share many similarities.

Universal Life Insurance & Term Life Insurance

Universal life insurance, similar to whole life insurance, is a permanent policy. Contrast this with term life, which extends coverage for a pre-determined length of time (typically 10, 15, 20 or 30 years, but other terms are available depending on the policy). Universal and whole life insurance are both designed as lifetime insurance policies.

Term life insurance is less costly than universal life insurance, but does not come with the added features present in a universal life policy. There is no cash value accumulation feature associated with a term life insurance policy. The cash accumulation components of both universal and whole life insurance are unique to those insurance products.

Universal Life Insurance & Whole Life Insurance

Universal life insurance and whole life insurance offer permanent life insurance coverage. Both products are available as guaranteed insurance that cannot be cancelled due to physical or health changes as time goes on. Both products also provide some form of cash accumulation.

Universal life insurance is generally more flexible than a whole life policy. With a universal life insurance policy, you can enjoy the tax-advantaged savings element with a guaranteed minimum interest rate on cash accumulations. You can then use that money for borrowing or other needs.

Our universal life insurance policies range anywhere from $25,000 to over $1,000,000 - talk with one of our licensed insurance agents to determine an appropriate coverage level for your situation.

Universal Life Insurance Policies

We offer a variety of universal life insurance policies to help meet your specific needs and situation:

Guaranteed Universal Life

This policy features flexible premiums and has death benefits starting at $100,000 (for ages under 66). This policy covers income protection and guarantees a death benefit.

Guaranteed Universal Life Plus

This policy offers moderate cash accumulation, and can be used in 1035 exchanges. Death benefits and conditions are similar to our Guaranteed Universal Life insurance policy.

Guaranteed Universal Life Express

The express version of this policy provides similar protection and coverage as the others, but death benefit amounts are lower and the application process is more streamlined. These policies can be issued in a shorter period of time, and without lengthy health inquiries.

AccumUL Plus

This policy helps you accumulate cash values for possible later use - such as retirement or education - with a heavy focus on the accumulation component of the policy. It also has death benefits of $1,000,000 and over available.

AccumUL Answers

This permanent life insurance policy provides your loved ones with a death benefit should something happen to you. It also offers the potential for cash accumulation. This provides you with flexibility down the road if your coverage needs should change.

Universal Life Insurance

For more information on our universal life insurance options, visit our resources page. You can also find one of our local licensed insurance agents who can go over your options in detail.

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