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Life Health > Life Insurance

UL Policy Strengths

By Staff Writer

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Acacia Life Flex Account Ultra

High cash value; maximum retirement income; living benefits for chronic or terminal illness.

AmerUs Life Freedom ULFlex

Well-suited for low face amounts simplified issues up to $100,000; limited premium payment solves; high target premiums; portfolio crediting rate.

AmerUs Life Freedom ULC

Designed for low-cost, long-term death benefits; performs well for standard classes, insureds aged 55 and above, and for rated cases up to Table D.

AmerUs Life Liberty Builder

Equity Indexed UL; 100% guaranteed participation rate; choice of a fixed or variable policy loan interest rate.

AmerUs Life Vision Builder

Equity Indexed UL; 100% guaranteed participation rate; 1% enhancement in years 10 and after.

American General Life (AIG) Platinum Provider Ultra

Designed with low premiums and high death benefits; business applications; term blending; issued to age 90.

American General Life (AIG ) Elite UL

Designed with low premiums and high death benefits; competitive “limited pay” or minimum premium situations.

Banner Life Continuity Lifetime UL

Competitive lifetime guarantee premiums.

Canada Life UltraQuestUL

High target premiums; noncommissionable term rider for design versatility; short surrender period; zero net interest cost loans as early as year 10; accounting benefit option.

Canada Life UltraProUL

Designed for competitive lifetime guaranteed death benefits.

CNA (Valley Forge) ViaMax 10

Designed as a short-term plan; cash value quickly in early policy years; long guarantee periods; competitive term riders.

CNA (Valley Forge) ViaMax 15

Designed as a long-term plan with lower premiums to endow and long-term cash value; long guarantee periods; competitive term riders.

Conseco Life Universal Life

Death benefit guarantees of 20 and 30 years; commissionable face increase and commissions paid on substandard risks; nonguaranteed interest bonuses; low endowment; low premium to carry.

Conseco Life Indexed UL 2

Equity Indexed UL; death benefit guarantees of 20 and 30 years; comissionable face increase and commissions paid on substandard risks; nonguaranteed interest bonuses; low endowment; low premium to carry preferred zero spread loans.

Conseco Life Conseco EIUL 3

Equity Indexed UL, portfolio interest, or a blend of the two strategies; long-term values; ability to transfer money between account objectives; additional trail commissions based on account values.

Equitable Life Universal Life II

Full death benefit guarantee at a competitive premium; performance in cash accumulation and death benefits; interest rate bonus of .40% in years 6+.

First Colony Life GE Lifetime Protector (sm) Flex

Designed for affordable, guaranteed protection; abbreviated premium schedule available; business applications.

General American Life UL Secondary Guarantee

Designed for flexible lifetime death benefit with low premium; any guarantee period can be scheduled.

Indianapolis Life Vista Select

Equity Indexed UL; designed for accumulation values in heavy funding situations; 100% guaranteed participation rate; waiver of scheduled premium rider; fixed or variable loan interest rate.

Indianapolis Life Vista Elite

Equity Indexed UL; designed for accumulation values in heavy funding situations; 100% guaranteed participation rate; waiver of scheduled premium rider; fixed or variable loan interest rate; 1% enhancement in years 10+.

Indianapolis Life Horizon ULFlex 2001

Good for low face amounts; simplified issue to $100,000; limited premium payment solves; high target premiums; no-lapse guarantee rider from 20 years to age 100; no current expenses after year five.

Indianapolis Life Horizon ULC 2001

Designed for low-cost, long-term death benefit protection; performs well for standard classes, insureds aged 55 and above, and for rated cases up to Table D; no-lapse guarantee rider from 20 years to age 100.

Jackson National Life UL 2

Designed for affordable cost with high death benefits; competitive in various premium designs including endowment; no-lapse guarantee options; automatic extended maturity rider.

Jefferson-Pilot Life Legend 300/Legend 400

Legend 400: accumulation values; maximum retirement income distributions; accelerated benefits; maturity extension. Legend 300: low premiums; death benefits; business applications; secondary guarantees.

John Hancock Life Performance UL

Designed for specific retirement, long term care, and life insurance protection in one contract; flexibility; death benefit guarantees; competitive premium solves.

John Hancock Life Medallion Gold UL

Good for older ages; secondary guarantees with catch-up feature; 1% bonus; issued up to age 85; age 100 rider waives all monthly policy charges after age 100.

Lincoln National Life UL DB

Designed for low premiums to carry; five-year no-lapse guarantee; business riders; term blending.

Lincoln National Life UL LPR

Designed for cost effective secondary guarantees to age 100 from any issue age; free extended maturity feature.

Manufacturers Life (USA) UL

Designed for affordable guaranteed coverage for any duration including lifetime.

Massachusetts Mutual Life UL 2

Low endowment and premium to carry; designed for high cash value and maximum retirement income; lifetime no-lapse guarantee; return of premium option for business applications owners.

Massachusetts Mutual Life UL 2 Guaranteed

Designed with a fixed level lifetime no-lapse guarantee.

Midland National Life Executive UL 5

Excellent agent compensation; designed for competitive long-term cash accumulation with interest and premium bonuses; guaranteed zero-cost loans in years 6+.

Midland National Life Innovation Universal Life

Designed for low-cost death benefits; built-in extended maturity option (no cash value requirement); optional death benefit guarantees to age 100.

MONY Life Universal Life

Designed for coverage of $250,000 and above with higher premium levels; lifetime lapse protection rider to age 100; enhanced maturity extension rider; minimum guaranteed rate of 4.50%; guaranteed low-cost loans.

National Life NaviTrak II

Designed for competitive no-lapse guarantees across a variety of rate classes and ages; living accelerated, long term care, and chronic care protection riders.

Nationwide Provident UL 100

Designed for low-cost permanent life insurance coverage to age 100.

New York Life NYLIAC Protector

Designed as an affordable policy with a high amount of permanent death benefit protection; greatest emphasis placed on lower cost of insurance rates and lower policy expenses, allowing for lower premiums.

New York Life NYLIAC Pinnacle UL

Designed for long-term performance with higher premium funding levels; front-loaded design with no surrender charges; low loads after year six; competitive COIs for death benefit and accumulation scenarios; secondary guarantees; extended maturity.

Ohio National Life Virtus 100

Cost effective death benefit guarantee to age 100; competitive lifetime or limited pay premiums.

Ohio National Life Virtus Value

Designed for competitive premium solves and long-term accumulation values.

Pacific Life Versa-Flex V

Designed with no maturity date and low late-duration mortality charges; competitive target premiums; guaranteed COIs in early policy years; issued to age 90; COIs banded at $1 million.

Penn Mutual Life Protection Builder

Flexibility to decrease coverage; designed for economical death benefit protection with a no-lapse lifetime guarantee; flexibility through riders and benefits.

Phoenix Life Accumulator UL

Designed for long-term accumulation and flexibility.

Phoenix Life Protector UL

Designed for guarantees with a low premium; whole life alternative.

Principal Life Universal Life

Designed for low-cost death benefit guarantees, or low premiums to carry or endow; issue ages to 90; attainable super preferred class; interest rate banding by face amounts; three death benefit options.

Protective Life Classic UL

Designed to provide long-term death benefit protection for the lowest premium; competitive long-term alternative to term.

Protective Life 100 Plus

Designed for the accumulation marketplace; interest enhancements on policy value and duration; zero spread loan for income scenarios.

PruLife Universal Protector

Competitive full-pay lifetime guarantee premium at all issue ages.

Prudential Financial Life PruLife Universal Plus

Competitive minimum premium to endow; designed for cash accumulation.

ReliaStar Life Select Design

Flexible death benefit guarantees up to 50 years or age 100 designed for low guaranteed premiums; automatic extended maturity of full death benefit past age 100.

ReliaStar Life Premier Design

Low premium to endow; low-cost, long-term design good as an alternative to term insurance.

Security Life of Denver Explorer UL

Cash-value oriented; no maturity feature; competitive premiums with a term blend; flexibility from minimum funding to maximum cash accumulation; can be used as guaranteed issue; zero cost loans for income.

Security Life of Denver ING Asset Leverage

High early cash values; continuation of coverage beyond age 100; term blending; zero net cost loans available; preferred risk available for tobacco and nontobacco users; business applications.

Security Mutual Life of NY Security UL Plus

Low endowment and carry premiums; good long-term value; extended maturity with no additional premiums, COI, or monthly charges; 4.50% guaranteed rate; preferred loans after 10 years.

Southland Life Legacy Protector

Designed for low-cost death benefit protection, cash accumulation and retirement income; works well as a 20- or 30-year term alternative; rolling target premium.

Southland Life Legacy Provider

Favorable underwriting; 1035 exchange and loan rescue; beyond age 100, policy may be continued with the death benefit equal to the surrender value.

Sun Life of Canada Universal Protector Plus

Designed to provide low-cost death benefits or cash value accumulation with higher funding levels; three death benefit options; no maturity date; bonus rate enhancement.

Travelers Life & Annuity MVP

Designed for affordable death benefit protection; full death benefit guarantee rider; low endowment and carry premium.

USAA Life Universal Life Series 7

Designed to be a low expense product offering high early cash accumulation and no surrender charge.

United States Life of NY (AIG) Medalist Premier

Designed for business owners and key executives; low-cost, high-death benefit protection across all underwriting classes; issued to age 90; high target premiums; guaranteed rate bonus. Death benefit guarantee available.

West Coast Life Excel 2000

Designed to have a low premium for a 50-year secondary guarantee.

West Coast Life LifeSpan Gold 120

Designed for low premiums for lifetime (age 120) guarantees; two-year rolling target premium.

Reproduced from National Underwriter Edition, March 31, 2003. Copyright 2003 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.

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