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We are committed to offering comprehensive, tailored insurance solutions that protect you, your family, and your business from the unpredictability of life.  

providing tailored coverage,

designed to match your unique needs.

Our expert team, armed with extensive industry knowledge, offers you the most advantageous advice while ensuring unparalleled customer service at every step of your insurance journey. By partnering with top-rated insurance providers, we deliver the best policies at competitive rates. At OnePoint, we're not just an insurance agency; we're your trusted partner in securing a worry-free future. Experience the OnePoint difference today!

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providing tailored coverage,

designed to match your unique needs.

Our expert team, armed with extensive industry knowledge, offers you the most advantageous advice while ensuring unparalleled customer service at every step of your insurance journey. By partnering with top-rated insurance providers, we deliver the best policies at competitive rates. At OnePoint, we're not just an insurance agency; we're your trusted partner in securing a worry-free future. Experience the OnePoint difference today!

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What Is Universal Life Insurance? Flexible Lifetime Coverage With Cash Value Growth

Life insurancelearn

July 15, 2025•2 min read

What Is Universal Life Insurance? Flexible Lifetime Coverage With Cash Value Growth

The Most Customizable Form of Permanent Life Insurance

Universal life (UL) insurance combines lifelong coverage with flexible premiums and a cash value component that earns interest. Unlike whole life insurance, universal life gives you more control over how and when you pay and how your policy’s savings grow.

At OnePoint Insurance Agency, we help you navigate this complex but powerful coverage option. Whether you’re planning for retirement, business protection, or leaving a legacy, we’ll help tailor a UL policy that grows with you.

What Universal Life Insurance Covers

Universal life insurance provides a guaranteed death benefit and the potential to build savings through tax-deferred interest. Features include:

Flexible Premiums: Adjust your payments within limits, based on your goals and cash value
Adjustable Death Benefit: Increase or decrease coverage (with underwriting)
Tax-Deferred Cash Value: Grows at a minimum interest rate, with potential to earn more
Permanent Protection: Coverage lasts your entire life, as long as the policy is funded
Loan and Withdrawal Access: Tap into your cash value when needed

Types of UL policies:

Guaranteed UL (GUL): Affordable lifelong coverage with little cash growth
Indexed UL (IUL): Market-linked growth (e.g., S&P 500)
Variable UL (VUL): Sub-account investments (higher potential, more risk)

What Universal Life Doesn’t Cover

Requires active management to avoid lapse
Growth may vary based on index/market performance
Policy fees may reduce early-year growth
Loans/withdrawals reduce the death benefit if unpaid

We monitor your UL annually to keep it aligned with your evolving goals.

Who Should Consider Universal Life Insurance?

Universal life is ideal if you are:

A high-income professional or business owner
A family with fluctuating income
Focused on legacy/wealth transfer
Planning for retirement and want cash value
Already maxing out your 401(k) or IRA and want supplemental tax-deferred savings

Example: A 45-year-old might use IUL to grow cash value and leave a legacy.

Frequently Asked Questions

How is universal life different from whole life?
Whole life is fixed and stable. Universal life is flexible and performance-based.

Can I skip a premium payment?
Yes, if your cash value is high enough. But a lapse is possible if it drops too low.

What’s the difference between Indexed UL and Guaranteed UL?
IUL tracks index performance. GUL offers lifelong death benefit with minimal growth.

Can I borrow from my policy?
Yes. You can access cash value through loans or withdrawals (with impact on benefit if unpaid).

Do I need to review my policy?
Absolutely. UL is not “set and forget.” Let OnePoint help you adjust as needed.

How OnePoint Can Help

At OnePoint, we help you:

Understand UL policy projections and fees
Choose the right carrier, rider, and interest structure
Compare term vs permanent coverage
Monitor performance year after year
Use UL to meet retirement, business, or estate goals

We’re local, independent, and policy-smart.

Get a Quote or Learn More

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OnePoint Insurance Agency

OnePoint Insurance Agency is a family-run, independent insurance agency serving working families, small businesses, and individuals across the U.S. We specialize in auto, home, health, Medicare, life, and commercial coverage—with honest guidance and unbeatable service.

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Your Questions Answered

What types of insurance does OnePoint Insurance Agency offer?

OnePoint Insurance Agency offers a wide range of insurance products, including home, auto, life, business, group health, group disability income, individual disability income, long-term care, short-term care, and critical illness insurance.

Where is OnePoint Insurance Agency located?

Our office is located in 555 North Point Center E Suite 400, Alpharetta, GA 30022

How can I get an insurance quote from OnePoint Insurance Agency?

You can get an insurance quote by visiting our website and filling out a quote request form, calling our office, or scheduling an appointment with one of our agents.

What makes OnePoint Insurance Agency different from other insurance agencies?

OnePoint Insurance Agency is an independent agency, meaning we can shop around with multiple insurance carriers to find the best coverage and rates for our clients. We also provide personalized service and tailored solutions to fit each client's unique needs.

How can I contact OnePoint Insurance Agency for customer service?

You can contact us by phone, email, or through our website's contact form using this link Our customer service team is available to assist you during our regular business hours.

Do you offer any discounts on insurance policies?

Yes, we offer various discounts on insurance policies, depending on the type of insurance and the specific carrier. Our agents can help you identify and apply any available discounts to your policy.

Can OnePoint Insurance Agency help with claims?

Absolutely. Our team is here to assist you throughout the claims process, ensuring you receive the support and guidance needed to resolve your claim efficiently.

What information do I need to provide to get an accurate insurance quote?

To provide an accurate insurance quote, we typically need information such as your personal details, property or vehicle information, coverage preferences, and any relevant history or documentation.

Does OnePoint Insurance Agency offer coverage for small businesses?

Yes, we offer a range of insurance products tailored specifically for small businesses, including liability insurance, property insurance, business overhead disability insurance, and more.

How can I leave a review for OnePoint Insurance Agency?

You can leave a review for OnePoint Insurance Agency on Google by following the link provided in our email or text message, or by searching for our agency on Google and selecting the option to write a review.