Designed for use in the estate planning and accumulation market as well; first-to-die rider can fund roll-out.
Designed for use in the estate planning and asset accumulation markets; competitive cash values and compensation; especially suited for use within the company’s asset conservation program.
Clarity Survivorship VUL
Low minimum premiums; flexibility through the insured life protection rider; one uninsurable life available; simple, one medical question application; carry-over target into the 2nd year.
Capital Select Dimension Five Flexible Premium Survivor
Multiple fixed account options; death benefit continues beyond age 95 (asset-based charges continue and insurance-related charges cease); streamlined load structure; no policy fee; VA-type liquidity options.
American Vision JSVUL 2000
Priced competitively and performs well in both accumulation and premium-to-endow scenarios; options include secondary guarantees; 10 “manager of manager” funds; two types of no-charge portfolio rebalancing.
Variable Estate Protection II
Unique features are incorporated to address the needs of the estate planning market.
Venture Survivorship VUL
Competitive premium solves; unique 20-year no-lapse guarantee; flexible term insurance rider; preferred rates to age 90.
Variable Survivorship Life
Designed for cash accumulation and cash distributions; guaranteed zero-cost loan feature; rider to guarantee the death benefit to age 100; an aggressively underwritten product; one uninsurable available.
Survivorship VUL II
Ability to increase the face amount of the policy allows planning for changing needs; appeals to people whose incomes fluctuate, and to businesses that need premium structures to match their income flows.
Sentinel Estate Provider
Designed for competitive premiums with strong accumulation values; priced to be competitive at the middle and advanced ages.
Best of America Next Generation Survivorship Life/Survivorship Life II
Strong cash accumulation and cash distribution contact; low expenses and tiered M&E structure which declines as assets accumulate; liberal withdrawal privileges; competitive loan feature.
Low-cost product designed to leverage potential separate-account returns and reduce long-term premium commitments; emphasis is on premium efficiency with lower insurance-based charges and higher surrender charges; competitive premium solves for 1-pay, 10-pay and full-pay scenarios; death benefit guarantee to maturity.
Select Estate Preserver III
Higher target premiums; levelized compensation version (SEP IV) is available.
Death benefit protection; designed for younger insured’s estate planning, charitable giving, business and retirement planning purposes.
Survivor Options Elite/Survivor Options Premier
Competitive product performance; value-added service and support to distribution partners.
Variable Accumulation Design
Issue age range 0-85 allows a grandparent/grandchild combination; high targets can be dialed down with a flexible term rider (competitive where minimum premium required); performs well in income distribution scenarios.
Variable Estate Design
Allows base and term blend solve that calculates the level premium required to carry specified amount of insurance to age 100; also performs well in accumulation cases.
Enhanced death benefit corridor option provides opportunity for increased death benefits at certain ages; guaranteed minimum death benefit option; ability to designate the withdrawal division for monthly expenses; continuation period ensures policy will not lapse during the first five years; automatic rebalancing.
Continuation of coverage beyond youngest age 100; designed for death benefit IRRs; preferred (zero net cost) loans guaranteed; persistency refund; 5-year no-lapse feature; guaranteed minimum death benefit option.
Performs well under premium-to-endow solve or income scenario; wide array of riders and features available; quarterly statements and 24-hour Internet monitoring of policy values.
Reproduced from National Underwriter Life & Health/Financial Services Edition, August 27, 2001. Copyright 2001 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.