Flexible coverage that fits your life.
Your life will change over time, but your need for protection will not. BetterLife’s Universal Life insurance adapts to your changing financial goals while providing the right amount of protection for you and the people you love most. The flexibility of Universal Life insurance allows you to customize your plan and access funds while keeping the protection you need in place.
Flexible Payments & Coverage
Universal Life insurance is unique because of its flexibility; it allows you to adjust the amount of life insurance coverage and the size of your premium payments.
If enough premiums are paid, your policy will develop a cash value, which is made up of funds that accumulate over time. These funds can be withdrawn and used for any purpose.*
Single or Dual Coverage
We offer single and dual policies. Dual policies provide life insurance coverage for two people and pay a death benefit when the first of the two insured members passes away. The surviving member has an option** to purchase insurance at this time.
Income Tax-Free*** Death Benefit
When the time comes, your beneficiaries will receive an income tax-free death benefit. This important benefit helps ensure the people you love will be able to live comfortably in your absence.
*Cash values can be accessed through loans and/or withdrawals, but these will reduce the death benefit. In addition, withdrawals from some policies may be subject to surrender charges and could have a permanent effect on cash value and death benefit. **The surviving insured must be under 71 for this option to apply. ***According to tax laws IRC Sections 101 & 7702.
The Bi-Weekly Benefit Plan is an alternative method of making mortgage payments that is combined with a universal life insurance policy. Click here to get more information.
Phillip, South Dakota
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