Utah Term and Universal Life Insurance

Utah Life Insurance Resources

Universal Life (UL), also called “Flexible Premium Adjustable Life Insurance,” entered the life insurance market in the early 1980s as a more flexible version of Whole Life Insurance. Like Whole Life, UL features a savings element that grows on a tax-deferred basis. A portion of your Utah Term and Universal Life Insurance premiums are invested by the insurance company in assets like bonds, mortgages and money market funds. The return on the investments is credited to your policy tax-deferred. A guaranteed minimum interest rate applied to the policy (usually around 4%) means that, no matter how the investments perform, the insurance company guarantees a certain minimum return on your money. If the insurance company does well with its investments, the interest rate return on the accumulated cash value will increase.

Utah Department of Insurance: The state insurance department website includes consumer and licensee resources including a listing of all licensed life insurance agents and companies which make up the Utah Life insurance market..
Department of Insurance

Utah Life & Health Insurance Protection Association: The state life insurance guaranty association works to guarantee the safety of all Utah Life Insurance coverage, even in the face of an insolvency by a member life insurance company.
Life Insurance Guaranty Association


Utah Life Insurance Company Ratings: AM Best is the most prominent ratings company reviewing Utah Life Insurance Companies based on their ability to pay claims. At Life Insurance.Net we work only with A and A+ rated life insurance companies.
Life Insurance Carrier Ratings

Here is a complete list of the State Departments of Insurance

Learn more about our wonderful state. Check out Netstate’s Utah State Almanac
Our life insurance agents service all communities in Utah including:

  • Salt Lake City
  • West Valley City
  • Provo
  • West Jordan
  • Orem

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