Active Belleair Beach, FL — President for Universal Financial Consultants, Inc. With a busy life in an ever-altering financial climate, it can be hard to confidently generate a economic method, let alone have the time to manage it. Universal Economic has constructed the infrastructure and relationships necessary to provide these services at the highest level. Universal life insurance is permanent life insurance — that is, it remains in force for your complete life. Like other varieties of permanent life insurance coverage, policyholders can even borrow a portion of their policy’s money value beneath pretty favorable terms.
We offer a complete spectrum of economic solutions for all varieties of commercial properties and corporations specializing in hospitality and industrial actual estate funding as properly as sophisticated merger and acquisition advisory to raising equity and debt financing. Prior to launching Universal, VM was an owner and developer of hotels & senior living communities in the UK, which supplied him keen insight into the hospitality sector.
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Frequently, loans taken from a policy will be free of existing income taxes supplied specific circumstances are met, such as the policy does not lapse or mature. Variable universal life insurance is permanent life insurance—it remains in force for the policyholder’s whole life. It also means returns could underperform those supplied by other life insurance items. If a policy is surrendered prematurely, the policyholder also may spend surrender charges and have income tax implications.
Universal Mortgage & Financial Consultants Inc. Based on the functionality of variable life and variable universal life insurance, the account value will fluctuate with changes in market circumstances. And, as with universal life insurance coverage, it gives a flexible premium and an adjustable benefit—meaning the policyholder decides how considerably to place in the policy above a set minimum. Accessing the money value in your insurance coverage policy via borrowing—or partial surrenders—has the possible to lower the policy’s cash value and benefit.
Sonny is also a licensed Genuine Estate Broker in the state of Florida and has joined Universal to expand the enterprise into other verticals. Nonetheless, a variable universal life insurance coverage policy also has solutions that need to be clearly understood ahead of an individual commits to a policy. Variable life and variable universal life insurance coverage are sold by prospectus only. Variable universal life insurance has distinctive features that may possibly be appealing to some insurance coverage buyers.
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Accessing the cash value could also raise the chance that the policy will lapse and may well result in a tax liability if the policy terminates before your death. But universal life insurance coverage has an crucial distinction from other kinds of permanent insurance: it offers a versatile premium. Sonny Sharma has been in the monetary services and genuine estate sector since 2002.
Universal Financial Consultants – With a busy life in an ever-altering financial climate, it can be challenging to confidently develop a economic technique, let alone have the time to manage it.