Introducing Universal Life Insurance

Universal Life insurance combines the advantages of permanent life insurance protection and cash value accumulation. It offers you the flexibility to change the policy as your needs may change over a lifetime. (Some changes require underwriting approval.)

As Flexible as your Life

Flexible Protection
With Universal Life, you have the flexibility to choose the amount of coverage to fit your needs, as well as your family’s. The death benefit can be increased or decreased, within the plan limits, as insurance needs change. Increased coverage will require evidence of insurability.

Flexible Premium
Universal Life insurance allows you to request an adjustment in the amount and frequency of premium payments to fit your changing budget needs, subject to certain limitations as specified in the policy and IRS guidelines.

Tax-Deferred Cash Value Growth
Every time you pay your premium, a portion of the payment goes into the cash value. The cash value is then credited each month with a competitive interest rate. While your cash value earns interest, it is not subject to taxes.

Tax-Free Death Benefits
Individual life insurance benefits are generally income tax-free to the beneficiary.

Partial Surrender
Universal Life insurance gives you the opportunity, within plan limits, for partial withdrawals from the cash surrender value if needed. However withdrawals will reduce the cash value and death benefit of your policy. Surrender charges may apply.

Policy Loan
At the end of the first policy year, or at any time thereafter while your policy is in force, you may obtain a policy loan on your policy if it has a cash value.

Accelerated Death Benefit
An Accelerated Death Benefit is included in our Universal Life policies at no additional premium cost. It provides up to 50% of the death benefit of the policy in the event the insured becomes terminally ill while the policy is in force. (This benefit may not be available in all states.)

Two Death Benefits to Choose From

Option A
Provides a death benefit that remains level as the accumulated cash value grows.

Option B
Provides a death benefit that increases as the accumulated cash value grows.

Choose From Various Riders and Benefits
(Available at an additional cost. Subject to specific limitations and exclusions.)

Waiver of Premium Rider
This rider waives monthly deductions for cost of insurance in the event the insured becomes totally disabled.

Spousal Level Term Rider
This rider provides level term life insurance coverage on the primary insured’s spouse.

Children’s Level Term Rider
This rider provides level term life insurance on the insured’s children.

Accidental Death Benefit Rider
This rider provides an additional amount of death benefit if death occurs by accident as defined in the policy.

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