A Universal Life policy is a type of permanent life insurance that offers flexible premiums and the opportunity for your policy to accumulate cash value. When the policy’s premium is paid, a portion of it pays for the cost of insurance. The remainder of the premium is added to the cash value and earns interest.

Flexibility: you decide the amount of premium payments, subject to the minimum required premium to cover the monthly cost of insurance.

Premium: after the cost of insurance, and other expenses are deducted, the balance will be added to your policy’s cash value and will be credited interest based on Catholic Order of Foresters’ current interest rates (but not less than the policy’s guaranteed interest rate).

Death Benefit: this will be paid to your beneficiaries, generally income tax-free.

  • Option A – Level death benefit (amount of life insurance)
  • Option B – Death benefit plus your policy’s cash value

For more information, visit this page or contact an agent.