Ensuring your loved ones are financially secure after your passing is one of the most important decisions you can make. At Ai Merchantry®, we believe in taking proactive steps to protect those you care about most. If your family would struggle to cover final expenses, pay off debts, or maintain their current standard of living, it’s time to consider life insurance options tailored to your specific needs. Guided by our core values of integrity, honesty, and personalized service, we’ll help you find the right solution to give you peace of mind, knowing your family will be financially protected during life’s most challenging moments.
Just like other types of insurance, you’ll need to apply for coverage and pay an initial premium. Once your policy is in force, regular premium payments are required to maintain your life insurance benefits. One of the key advantages of universal life insurance is its premium flexibility. You can choose to pay higher premiums to build up your policy’s cash value when you’re able. Alternatively, if you need to reduce your premium for a period of time, you can adjust the policy to fit your financial situation, offering you the flexibility to adapt as your needs change.
When applying for any life insurance policy, you’ll be asked to provide details about your health, including any medical conditions you’ve been diagnosed with or treated for. Additionally, you’ll need to answer questions about your occupation and lifestyle. The insurance company uses this information to decide whether to approve your policy. Many universal life insurance policies come with limited underwriting requirements, which means you might not need to undergo a physical examination as part of the application process, making it easier to qualify for coverage.
Premiums for universal life insurance are typically higher than those for term life insurance but more affordable than whole life policies. At Ai Merchantry®, we prioritize transparency and integrity in everything we do, which is why we take the time to explain how your premium is determined. The cost will depend on the face amount (the death benefit), your age, and overall health at the time of application. Non-smokers generally benefit from lower premiums, and we’re here to ensure that the policy you choose aligns with your financial goals and lifestyle. Our commitment to personalized service means your coverage will always reflect your best interests.
