Acacia Life Flex Account Ultra

Competitive in retirement income and senior markets; guaranteed wash loans; strong cash values; accelerated death benefit for chronic or terminal illness.

American Family Life UL-2000

Designed for young families and business succession planning.

American General Life (AIG) Platinum Provider Ultra

Designed for low premium and death benefits; good for salary continuation with cost recovery, and business continuation arrangements; issued to age 90; choice death benefit tests; supplemental coverages.

American General Life (AIG) Platinum Provider Ultra G

No lapse guarantee to age 100; catch up provision and prepayment discount; issued to age 90; maturity extension on DB included.

AmerUs Life UL Solution

Guaranteed death benefit for 15 years; good in high face, standard and substandard market; preferred tobacco class.

AmerUs Life FoundationBuilder Plus

Equity indexed to Standard & Poors 500 Index; preferred tobacco class.

AmerUs Life Vision Builder

Equity indexed to S&P 500 Index; 100% guaranteed participation rate; waiver of scheduled premium rider; fixed or variable loan interest rate; 1% account value enhancement in years 10+.

AmerUs Life Liberty Builder

Equity indexed to S&P 500 Index; 100% guaranteed participation rate; waiver of scheduled premium rider; fixed or variable loan interest rate.

Banner Life Continuity UL 100

Designed for low cost guarantee coverage to age 100; extended maturity option available; low cost of insurance; underwriting.

Canada Life UltraTermUL

Designed as a low cost death benefit product with a 30-year no lapse guarantee (10 years when minimum premium paid); competitive 30-year term alternative at issue ages 56-70.

Canada Life UltraQuest UL

High target premium; non-commissionable term rider for versatility; short surrender period; zero net interest cost loans in year 10; no COI or expenses at age 100; accounting benefit option; designed for high cash value.

CNA (Valley Forge) ViaMax 15

Designed as a long-term plan; low premiums to endow with more cash value in later years; extended secondary guarantees; competitive term riders.

CNA (Valley Forge) Viamax UL 10

Designed as a short-term plan with early cash values; extended secondary guarantees; competitive term riders.

Conseco Life Indexed UL 2

Equity indexed to S&P 500 Index; death benefit guarantees of 20 and 30 years; commissionable face increase and commissions paid on substandard risk classes; interest bonuses; preferred zero spread loans.

Conseco Life Conseco UL

Death benefit guarantees of 20 and 30 years; commissionable face increase and commissions paid on substandard risk classes; interest bonuses; preferred zero spread loans; low premium to carry and endow.

Conseco Life LifeStyle

Designed for cash accumulation at higher face amounts; interest guaranteed interest of 3.50% credited to accumulation account during the first 20 years and 2.50% after; low premium to carry and endow.

Equitable Life Equitable UL II

Designed for both cash accumulation and death benefit sales; age 100 no lapse guarantee for policies that are always death benefit Option A; non-guaranteed interest rate bonus of 40 basis points in years 6+ or age 65; 9 riders for customization.

First Colony Life FirstChoice Gold

Designed for low premiums; competitive guaranteed level premiums for 20 years (minimum premium) or designated premium option to lifetime; catch-up provision; no maturity age; 8 underwriting classes.

First Colony Life GE Lifetime Protector

Integrated benefit rider for higher cash accumulation or lower initial premiums; markets include income replacement, business continuation, and section 162 executive bonus.

GE Financial GE Gold

Designed for low premiums; competitive guaranteed level premiums for 20 years (minimum premium) or designated premium option to lifetime; catch-up provision; no maturity age; 8 underwriting classes.

General American Life American Vision Series UL

Designed for high guaranteed death benefit at a low premium; good short pay lifetime no-lapse premiums; strong guarantee durations in premium to endow or carry sales.

Indianapolis Life Horizon ULC 2001

Designed for low-cost long-term death benefit protection; performs well for standard classes, ages 55 and above, and for rated cases up to Table D; produces low premium solves; no lapse guarantee rider for 20 years or age 100; stable portfolio interest rate history.

Indianapolis Life Horizon ULFlex 2001

Designed for low face amounts, simplified issues up to $100,000, and limited premium payment solves with higher target premiums; no lapse guarantee rider for 20 years or age 100; stable portfolio interest rate history; no current expenses after year 5.

Indianapolis Life Vista Elite

Equity indexed to S&P 500 Index; 100% guaranteed participation rate; waiver of scheduled premium rider; fixed or variable loan interest rate; 1% account value enhancement in years 10+.

Indianapolis Life Vista Select

Equity indexed to S&P 500 Index; 100% guaranteed participation rate; waiver of scheduled premium rider; fixed or variable loan interest rate.

Investors Life of North America Univestor UL 10

Designed for middle market with 50% of applicants in preferred classes; 10-year no lapse guarantee with minimum premium; rolling 24-month target premium; high long-term cash values; wash loans year 15+; extended maturity option can be activated up to 30 days prior to maturity.

Jefferson-Pilot Life Legend 300/400

Designed for low premiums, long-term values, low cost of insurance rates; no maturity date, critical illness; lifetime no lapse rider. Legend 400 is an accumulation product designed for maximum funding and cash accumulation; good for supplemental retirement income.

John Hancock Life Medallion Gold UL

Designed for low premiums; attractive for older clients; no lapse guarantee with catch-up feature available; guaranteed interest rate bonus of up to 1.00%; age 100 waiver of charges rider extends death benefit if at least $1 of cash value in the policy.

John Hancock Life Performance UL

Designed for flexibility with retirement, long term care, and protection; death benefit guarantees; competitive premium solves.

Lincoln National Life UL LPR

Flexibility, with a lapse protection rider for guaranteed protection for life.

Lincoln National Life UL DB

Low endowment premium; extended maturity; cost efficient coverage.

Manufacturers Life UL

Cost effective death benefit protection; guarantees of coverage up to lifetime.

MassMutual Financial Group UL 2 Guaranteed

Fixed level lifetime no lapse guarantee.

MassMutual Financial Group UL 2

Designed with a competitive lifetime no lapse premium guarantee; third death benefit of the face amount plus return of premium as the death benefit.

Midland National Life Premier UL 4

Designed for cash accumulation growth (short and long-term) and low cost protection; interest and premium bonuses; guaranteed zero-cost loans; low minimum premium requirements; extended maturity.

MONY Life Universal Life

Designed for large cases ($250,000+) and funding to maximize benefits; selection of optional riders for flexibility including lifetime lapse protection, maturity extension, and waiver of specified premium riders.

National Life NaviTrak II

No lapse rider that extends the death benefit beyond age 100; optional LTC riders to lifetime; no cost accelerated benefits rider covers illness; preferred loans; interest bonus; 1035 exchange with loan capability; low minimum premiums.

New York Life & Annuity Accumulator

Designed for long-term cash value accumulation with a high interest crediting rate and low loan interest spread.

New York Life & Annuity Protector

Designed as an affordable policy with a high amount of death benefit protection; low cost of insurance rates and policy expenses.

Ohio National Life Virtus Value

Competitive premium solves; good in long-term accumulation scenarios.

Ohio National Life Virtus 100

Death benefit guarantee to age 100 with competitive lifetime or limited pay premiums.

Pacific Life Versa-Flex V

Designed with no maturity date, low late-duration mortality charges, competitive target premiums and guaranteed cost of insurance rates in early years; issued to age 90 (select NS to age 80); COIs banded at $1MM; accounting benefit and ART riders for flexibility.

Penn Mutual Life Protection Builder

Flexible with ability to decrease coverage, features and riders; economical death benefit protection with a no-lapse lifetime guarantee; Maximum retirement income.

Phoenix Life Phoenix Accumulator UL

Extended maturity option.

Protective Life Protective Custom UL

Designed primarily for the accumulation market; features such as choice of definition of life insurance tests, 1035 loan transfer capability; interest enhancements; built-in lifetime lapse protection feature; high target premiums.

Protective Life 100 Plus

Designed for long-term cash values with features for the accumulation marketplace; interest enhancements based on policy value and duration; zero spread loans.

Protective Life Select UL

Adjustable lapse protection determined by amount of premium paid through lifetime; catch up provision.

Protective Life Classic UL

Designed for long-term death benefit protection at low premiums; good for issue ages 30 to 70; competitive alternative to 20- and 30-year term.

Provident Mutual Life UL 100

Designed as an economical policy with no-lapse death benefit guarantee rider providing coverage to age 100.

Prudential PruLife Universal Protector

Secondary guarantees.

Prudential PruLife Universal Plus

Cash accumulation policy, with low minimum premiums to endow.

ReliaStar Life Select Design

Provides flexible death benefit guarantees up to 50 years or age 100 at low guaranteed premiums; built in extended maturity past age 100.

ReliaStar Life Premier Design

Designed as low-cost long-term life insurance coverage; flexible alternative to term insurance; coverage available to age 100 and beyond.

Security Connecticut Life Security-Design II

Death benefit guarantees (15/30/50); guaranteed limited pay options; extended maturity option; catch up provision to restore or extend death benefit guarantees.

Security Life of Denver Explorer UL

Cash-value oriented policy with no maturity feature; competitive premiums with adjustable term rider; flexibility from minimum funding to cash accumulation; preferred zero net cost loans for income.

Southland Life Legacy Protector

Designed as a low cost product that works well as a 20- or 30-year term alternative or for cash accumulation; performs well on rated, standard and preferred cases; two year rolling target premium.

Southland Life Legacy Provider

Provides favorable underwriting, 1035 exchange and loan rescue; extended death benefit past maturity.

Sun Life of Canada (U.S.) Universal Protector

Guaranteed lapse protection feature electable at issue.

Sun Life of Canada (U.S.) Universal Protector LP

Lapse protection feature can be structured to provide a targeted no-lapse guarantee period or for life (depending on issue age).

Travelers Life & Annuity MVP

Designed for affordable death benefit protection; death benefit guarantee rider and coverage extension rider for lifetime coverage.

USAA Life Universal Life Series 7.0

Designed for low expenses and no surrender charges; 3 additional rate classes.

US Life (AIG Inc.) Medallist Premier

Designed as affordable protection for all underwriting classes; issued to age 90; high target premiums; guaranteed interest rate bonus; preferred policy loans; business applications.


Reproduced from National Underwriter Life & Health/Financial Services Edition, October 7, 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.