Whole Life Policy Strenths
Term blending for affordability; proven useful in variety of planning areas.
May be designed with all whole life insurance or a mix of whole life and a combination of decreasing term and increasing paid-up additions; allows low-premium, level death benefit package where necessary.
Increase in policy cash value and dividends at death of the first insured.
Level Premium Estate Protection
Available for issue up to age 90; one uninsurable allowed; maximum retention limit of $20 million; competitive and flexible additional insurance protection rider.
Survivorship Life (TMS97)
Low-cost whole life coverage; competitive premiums with 50/50 term blends; term rider is designed to be less dividend-sensitive than competing companies.
Survivorship Whole Life Protector
Designed for guaranteed death benefits and guaranteed cash values for low premiums; increase in cash values and dividends at first death.
Blue Chip Estate Manager
Lower premiums; attractive for key employee, stock redemption, and split-dollar plans.
Survivorship Whole Life
Effective in the business market when lower-cost permanent insurance necessary.
Wide array of premium levels and guarantees from fully guaranteed whole life contract to a contract comprised almost entirely of term; policy is structured so current dividend level is sufficient to maintain a level death benefit over life of the contract.
Designed for low outlay; increase in cash value and dividends at first death provide funding flexibility; strong cash value performance good for split-dollar arrangements.
Early warning system ensures policy, if structured with a term rider, continues to be properly funded; expanded issue ages of term rider to JEA ages 81-85; flexibility through term rider.
Sun Survivorship Whole Life
Low-cost product; preferred and standard insureds have the same premium, risk classes are differentiated through dividends.
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.