Seeking flexibility in your life insurance
coverage and premium payments? Then Alfa’s universal life insurance plan
may be the right one for you. This permanent insurance plan offers a cash
accumulation feature that earns interest according to our declared current
rates. You may also increase or decrease death benefits, vary your premiums,
and in some cases, temporarily suspend premium payments.*
At the end of every policy year, you will
receive an annual report detailing the activity and status of your universal
life policy. This report will summarize:
§
Cost of insurance protection
§
Interest credited to your policy
§
Current accumulation and surrender values
§
Adjustments, if any, such as policy loans or withdrawals
§
Interest rate to be credited for the next 12 months
§
Current death benefit
Alfa’s universal life policy affords you
great control and flexibility for protection throughout your lifetime and is
issued for ages 0-75. Ask us for more information today.
Universal life insurance includes a cash account. Premiums increase the cash account. Interest is paid within the policy on the account at a rate specified by the life insurance provider. Mortality charges and administrative costs are then charged against the cash account. The surrender value of the policy is the amount remaining in the cash account, less applicable surrender charges, if any.
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