Universal life insurance provides permanent life insurance protection and access to cash values that grow tax-deferred at competitive interest rates.

• Flexible Protection
  Universal life products give you the flexibility to choose the amount of protection that best suits your family or business. It allows you to increase or decrease coverage as insurance needs change. Increased coverage may be subject to underwriting requirements. You may not decrease your coverage below the required minimum. A decrease may result in a surrender charge being applied against the policy's cash value.

• Flexible Premiums
  With universal life insurance, you control the amount and frequency of payments. Looking towards the future? You have the option to increase the premium or make lump sum contributions, subject to limits as specified in the policy. The extra dollars grow tax-deferred, and may increase the cash and death benefit values. On the other hand, in a temporary cash crunch, you can pay less than the scheduled premium and let the policy's accumulated cash value pay the remainder of the monthly charges.

• Flexible Design
  Universal life products can be customized with innovative policy features to fit your lifestyle. Contact a local New York Life agent to learn more about how universal life policy riders can protect your spouse and children, protect your ability to cover monthly policy charges during disability, and increase the benefit to your family if you should die accidentally.

Universal Life (Target Life Insurance) policies are issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), which is a wholly-owned subsidiary of New York Life Insurance Company.