Andy Anderson Insurance

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Andy Anderson Insurance
2290 S Bay St
Eustis, FL 32726
Phone:352-357-5800

If you need insurance protection for the long term and want the potential for cash value accumulation — and have a little more to spend — you may want to consider permanent life insurance. Whole, universal and variable universal life insurance also can accumulate cash value.

* Whole life insurance builds value based upon a predetermined schedule. You’ll have a schedule that shows the exact cash value of your policy on each policy anniversary. (Your future policy values will change if you take a loan or withdrawal from your policy, which decreases cash value and the death benefit.)

* Universal life insurance earns a fixed interest rate on the cash value in the policy. The interest rate is tied to stock market performance, but will never dip below a guaranteed minimum rate.

* Variable universal life insurance offers market participation, which means you can invest your cash value in the stock market. You choose the underlying fund options, and your policy value increases or decreases based on the performance of your choices. Underlying subaccounts are only available as investment options in variable insurance contract issued by life insurance companies. They are not offered directly to the general public.

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