State of Louisiana

  


Life

Universal Life Insurance
Why Life Insurance?

Whether you’re a breadwinner or a stay-at-home parent, you probably need life insurance to protect the people who depend on you. And in most instances, life insurance benefits are free from income tax for the beneficiary.

What if you or your spouse were suddenly out of the picture? Do your loved ones have enough financial resources to pay for child care, college and everything in between?

Taking a look at your life insurance needs every few years is important to ensure you have enough coverage. Like most people, you may not know how much coverage you need. The best way to evaluate your life insurance needs is to talk with a benefits counselor. Proper planning can guarantee a secure financial future for you and your loved ones.

The Colonial Life portfolio of life insurance offers several plans to supplement your existing life coverage.

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Universal Life Insurance

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Colonial Life’s Universal Life Insurance is an individual plan that offers:

  • Protection that accumulates cash value that can grow at current interest rates.
  • Flexible premiums and an adjustable death benefit.

Universal life insurance is a nice complement to term or group life insurance protection. This plan offers you the flexibility to change face amounts and premiums as your needs change. Your premium payment can build cash value at current interest rates.

Coverage is also available for your family.

  • You can purchase a universal life policy for your spouse, your children or your grandchildren with the same flexible benefits that are available to you, even if you don’t purchase a policy for yourself.
  • You can add a term insurance rider for your spouse or your children to your universal life policy.

This life insurance plan also offers the following advantages:

Portable: If you change jobs or retire, you can take this coverage with you. Coverage is also available for your spouse and your children through term life riders.

Optional Coverage: Available at an additional cost. Several additional coverage options are available for you and your family. Ask your benefits counselor for details. You can also supplement your universal life coverage with a waiver of premium rider and an accidental death benefit rider.

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© 2008 Colonial Life & Accident Insurance Company
Colonial Life & Accident Insurance Company is a subsidiary of Unum Group

Colonial Life products are underwritten by Colonial Life & Accident Insurance Company. Coverage has exclusions and limitations that may affect benefits payable. Coverage may vary by state and may not be available in all states. See your representative for complete details. Colonial Life is the marketing brand of Colonial Life & Accident Insurance Company.


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