Universal life insurance: the flexibility to follow your own path
Want the flexibility to decide your own priorities and accumulate cash value, but still maintain your insurance coverage at all times? Many universal life insurance policies offer you the ability to vary your payments, while having cash value growth potential. If you like choice, this option allows you to adjust to your life circumstances.
What’s Universal Life insurance?
Universal life, a type of permanent insurance, is designed to offer insurance for your entire life, as well as cash value accumulation. Universal life allows for a higher degree of flexibility. This type of policy might suit you if you’re envisioning significant income fluctuations or you foresee that you may need the ability to vary your payments.
Variable Universal Life: the potential to grow your cash savings
Variable universal life insurance is another form of permanent life insurance. It shares features with universal life, but offers one key difference: the ability to invest in the market.
The cash value of your variable policy – in other words, that portion that accrues as an asset – may be invested in the market through a separate account. This means you’ll have the potential to increase that cash value if the market rises. However, you'll also bear all risks associated with investing in the market, including the risk of losing the original amount you invested (your principal).
Variable Universal Life products and its underlying investment options are offered by prospectus only. Prospectuses contain important information including charges and expenses, and should be read carefully before completing an application, investing or sending money. You should consider the investment company’s investment objectives, risks, fees and charges carefully before investing. Prospectuses contain this and other important information. A copy can be obtained from your agent or by calling 1-800-441-6455.
Fixed universal life has non-guaranteed values such interest rates and cost of insurance.
Variable Universal Life products are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation, and distributed by Park Avenue Securities LLC (PAS). GIAC and PAS are located at 7 Hanover Square, New York, NY 10004, 1-800-441-6455. GIAC and PAS are wholly owned subsidiaries of The Guardian Life Insurance Company of America, New York, NY.
Values in variable investment options will fluctuate daily and may be worth more or less than the original investment. Any individual soliciting these variable life insurance products must be a licensed life insurance agent and a registered representative of the broker/dealer.
Variable products and their underlying investment options are not deposits or obligations of, or guaranteed or endorsed by, any bank or depository institution and are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association, the Federal Reserve Board or any other government agency and involve risk including the possible loss of the principal amount invested. PAS is a member of FINRA, SIPC.
The Guardian Insurance & Annuity Company, Inc. 7 Hanover Square, New York, New York 10004-4025, 800.441.6455. A wholly owned subsidiary of The Guardian Life Insurance Company of America.
This material is intended for general public use. By providing this material, Guardian is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact a financial professional for guidance and information specific to your individual situation.