SUL Product Design Objectives

Secondary guarantees; broad underwriting classes; short term; convertible.

MassMutual Financial Group SUL

Low endowment premium; low premium to carry; high cash value; maximum retirement income; broad/favorable underwriting.

MassMutual Financial Group Survivorship Universal Life Guaranteed (SULG)

Secondary guarantees; broad underwriting classes.

MONY Life Survivorship UL

Large face amounts; secondary guarantees; maturity extension; waiver of specified premium; riders.

National Life NL Estate Provider

Term blending; riders; low cost death benefits.

New York Life & Annuity NYLIAC Survivorship UL

Low endowment premium; extended maturity; secondary guarantees; underwriting.

Ohio National Life Survivor Life LP

Low endowment premium; secondary guarantees.

Pacific Life Estate Preserver

Term blending; illustrated values; maturity extension; secondary guarantees.

Penn Mutual Life Estate Max II

Low endowment premium; low premium to carry; long term values; secondary guarantees; riders.

Phoenix Life Estate Legacy II

Riders; abbreviated payment; maturity extension; term blending.

Principal Life Survivorship Universal Life

Broad/favorable underwriting; secondary guarantees; maturity extension; IRRs.

Protective Life Protective Survivor

Low endowment premium; low premium to carry.

ReliaStar Life Elite Estate

Low endowment premium; low premium to carry; flexibility; secondary guarantees; guaranteed limited pay.

ReliaStar Life Estate Choice SE

Secondary guarantees; flexibility; guaranteed limited Pay.

Security-Connecticut Life Survivorship Estate Design

Secondary guarantees; guaranteed limited pay; extended maturity.

Security Mutual Life of New York Estate Conserver

Low endowment premium; low premium to carry; broad/favorable underwriting; impaired risks.

Southland Life Legacy Survivor

Extended maturity; low endowment premium; low premium to carry.

Travelers Life & Annuity Survivorship Life

Low premium to carry; low premium to endow; secondary guarantees; underwriting.

US Life (AIG Inc.), Survivorship Premier

Older ages; high face amounts.

Reproduced from National Underwriter Life & Health/Financial Services Edition, September 2, 2002. Copyright 2002 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.