No matter what your goals, your UL II policy can be tailored to meet them. You can modify or adjust your policy to fit your changing needs. If your need for future financial protection grows due to inflation or greater liquidity needs, you can increase your coverage without having to buy another policy. Just increase your payments. Your accumulations grow tax-deferred under current law, increasing your long term net yield.
Taxes erode the value of most investments.
Your UL II policy has tax-deferred values under current tax law enabling you to meet tomorrow's needs without increasing today's income tax liability. Death claims are normally paid to your beneficiaries income tax free, regardless of any gains in the policy. With proper ownership and beneficiary arrangements, you can even avoid paying federal estate taxes. Your UL II policy provides a Waiver of Monthly Deductions option. Should you become sick or disabled, your policy will not be charged monthly service costs or other options.