Universal Life Insurance - North Carolina • South Carolina 

Universal life insurance combines the low-cost coverage of term life insurance with the savings element of whole life insurance. Universal life insurance provides more flexibility than other policies. You can review and adjust premiums, savings elements, and the death benefit as your circumstances change.

Sheally Insurance Group agents can tailor a universal life insurance policy quote based on your unique circumstances and goals. Contact our agency to get started right away!

What are the benefits of universal life insurance?

With a universal life insurance policy, you can shift money between the insurance and savings components as the market and interest rates change. This control is great for people who prefer a hands-on approach to investing. For example, if your savings component has low returns, you can use it to pay the premiums instead of paying out of pocket.

Additional Coverage Options to Consider

There are additional options for those looking for less coverage or those on a budget. Accidental death insurance, for example, only provides compensation if the policyholder’s death is due to an accident. This policy is typically cheaper than a whole or term life insurance policy. An accelerated death benefit provides advance cash compensation if the policyholder is diagnosed with a terminal illness. For policyholders that fall critically ill, disabled or injured, a waiver of premium rider is available, which allows the policyholder to waive premium payments on their life insurance policy. Some term life insurance policies also come with term conversion which allows you to switch a term life insurance policy to a whole or universal life insurance policy.

Life insurance doesn’t have to be complicated. Contact Sheally Insurance Group to discuss and obtain quotes for your best options.

Everyone’s needs are different, and the amount of life insurance you need depends in part on how many beneficiaries you have. On average, insurance professionals recommend that you carry anywhere between ten to fifteen times your income.

It's true! You can save money by bundling a life insurance policy with other coverages you need like a homeowners insurance or auto policy.