Universal Life
Universal life insurance makes it possible for you to adjust your protection as your needs change. As your family grows, your business expands, or your income and responsibilities increase, your coverage can evolve to fit your new circumstances. Universal Life is designed to provide lifetime insurance coverage and financial growth under one policy.
Along with the distinct benefits and tax advantages of permanent insurance, Universal Life can adapt to changing needs at every stage of your life. You can vary your premium amounts and timing of payments — even adjust your coverage amount — according to the current needs and economic circumstances of your family or business. We offer two types of universal life coverage: Select and Premier
Select Universal Life Insurance
This product is ideal for buyers interested in permanent life insurance but who have limited resources. Plan has “term-like” premiums with the benefits of a permanent, cash value policy.
Issue Ages:
Super-Preferred, Non-Tobacco – 16-75
Preferred, Non-Tobacco – 16-75
Standard Non-Tobacco – 0-85
Preferred, Tobacco – 16-75
Standard Tobacco –16-85
Issue Amounts:
$100,000 for issue ages 0-54
$75,000 for issue ages 55+
Six additional riders, including a no-cost accelerated death benefit
Premier Universal Life Insurance
Ideal for buyers interested in flexible and affordable permanent life insurance with numerous riders and benefit options. Also, those interested in building large policy values.
Rate Class/Issue Ages:
Super-Preferred, Non-Tobacco – 16-75
Preferred, Non-Tobacco – 16-75
Standard Non-Tobacco – 0-85
Preferred, Tobacco – 16-75
Standard Tobacco – 16-85
Issue Amounts:
$50,000 for issue ages 0-54
$25,000 for issue ages 55+
Premier loan – in policy year 11, the policyholder can take a policy loan with interest charged equal to the cash value rate being earned; in effect, a zero-interest loan.
Six additional riders, including a no-cost accelerated death benefit.
