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Flexible coverage to accommodate changing financial circumstances.
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How Does Universal Life Insurance Work?


Term LifeWhole LifeUniversal Life
Variable Universal LifeAccidental DeathFinal Expense Life

Coverage you can depend on for life.

Universal life insurance is a type of permanent life insurance that provides coverage for life. It is made up of two parts: a death benefit, which is the guaranteed amount of money left to your loved ones, and a cash value component. The cash value earnings grow tax-deferred, meaning no tax will be due until they are withdrawn. You can also borrow money from the cash value. Keep in mind that you may have to pay interest on the loan.

Learn more about Transamerica's universal life policies >


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One of the more flexible permanent life insurance plans.

Universal life insurance is considered to be more flexible than term or whole life insurance because you have the ability to adjust your premium payments to fit your situation. This means if money is tight, and you have sufficient cash value, you can lower or skip a premium payment simply by notifying your Transamerica agent.

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