SUL Policy Design Objectives

Union Central Life Excel Survivor

Favorable underwriting; scheduled death benefit increase rider

US Life of NY (AIG Co.) Survivorship Premier

Initial 5-year no-lapse provision; death benefit guarantees to age 100; death benefit guarantees for New York state; maximum retirement income

West Coast Life Golden Legacy Protector IV

Death benefit guarantee; extended maturity; rolling target premium; liberal split options

SVL Policy Design Objectives

AIG American General Life Platinum Investor Survivor II

High target premiums; death benefit guarantees; maximum retirement income; maturity extension; return of premium

Ameritas Life Overture Bravo!

High cash value; maximum retirement income; broad/favorable underwriting

AXA Equitable Life Survivorship Incentive Life 02

Low premium to carry; estate tax repeal rider

ING “Reliastar Life” Variable Estate Design

Low-cost death benefits; maturity extension; term blending

ING “Reliastar Life” Variable Accumulation Design

Maximum income distribution; high target premiums; flexible riders; cash accumulation; Issue ages 0-85

ING “Security Life of Denver” Estate Designer

High early cash value; third death benefit option; unlimited transfers; persistency refund

ING “Security Life of Denver” Variable Survivorship UL

Adjustable term rider; enhanced death benefit corridor option; continuation of coverage at age 100; guaranteed death benefit to age 100; designated deduction option

Jefferson-Pilot Life JPF Ensemble SL

Low endowment premium; low premium to carry; high cash value; maximum retirement income; rolling target premiums

John Hancock Life Variable Estate Protection Plus

Strong long-term values; premium solves; no maturity date; additional sum insured; compensation

John Hancock Life Variable Estate Protection Edge

Flexibility; death benefit guarantees; maximum retirement income; maturity extension; income options

Manufacturers Life (USA) Venture Survivorship VUL

Low premium solves; lifetime death benefit guarantee; term rider

Massachusetts Mutual Life Survivorship VUL II

Death benefit guarantee to age 100; low premium to endow & carry; high cash value; maximum retirement income; broad/favorable underwriting

Flexible low-cost lifetime guarantee death benefit; accumulation values; fourth death benefit option

Midland National Life Survivorship VUL

High cash accumulation; age 100 death benefit guarantee; maximum retirement income

Nationwide Financial Life Best of America Protection SVUL

Death benefit guarantees; low endowment premiums; low premium to carry; broad underwriting; maturity extension

Nationwide Financial Life Best of America Next Generation SVUL

Cash accumulation; income distribution; low expenses; liquidity

New England Financial Life Zenith Survivorship Life 2002

Low endowment premium; maximum death benefits; impaired risk; older ages

New York Life NYLIAC SVUL

Low endowment premium; high cash value; broad favorable underwriting; accumulation sales

Pacific Life Select Estate Preserver V

Maximum death benefits; maximum retirement income; accounting benefit rider; death benefit guarantee; maturity extension

Penn Mutual Life Variable Estate Max III

Low endowment premium; low premium to carry; long-term values; full death benefit guarantee; riders

Phoenix Life Estate Edge

Low initial & endowment premiums; term blending; cash value accumulation; term blending

Phoenix Life Edge SVUL

Three policy options; banded COI rates; guaranteed death benefits, cash value accumulation; table shaving; flexibility

Principal Life Survivorship VUL

Full death benefit guarantees; low endowment premium; low premium to carry; broad underwriting

Protective Life Premiere Survivor VUL

Low premium to endow; long-term values; maximum retirement income; automatic policy split, estate protection and terminal illness endorsements

Prudential Financial Life Survivorship VUL

Minimum premium to carry; underwriting; maturity extension; divorce and tax law change rider

Sun Life Futurity Survivorship II VUL

Death benefit guarantees; supplemental insurance; 3-year rolling target; low guaranteed charges

Transamerica Occidental Life TransSurvivor Life VUL

Death benefit guarantee

Travelers Life Travelers VSL II

Death benefit guarantees; maximum death benefits; low premium to endow & carry

Western Reserve Life Freedom Wealth Protector

Death benefit guarantee; maximum retirement income; low premium to carry; high cash value

SWL Policy Design Objectives

Increasing dividends & cash values at first death; flexibility; riders

John Hancock Life Level Premium Estate Protection

Riders; broad/favorable underwriting; high issue ages; term blendability

Manufacturers Life (USA) Survivorship Life (TMS97)

Term blendability; low premiums

Massachusetts Mutual Life Survivorship Whole Life Protector

Low premiums; increasing dividends & cash values at first death

Massachusetts Mutual Life Survivorship Whole Life

High term blendability; broad/favorable underwriting; cash value accumulation

New York Life Survivorship Whole Life

Expanded underwriting classes; broad/favorable underwriting; optimal accumulation with PUA rider

Northwestern Mutual Life Joint CompLife

Flexibility; term blending; dividends

Reproduced from National Underwriter Life & Health/Financial Services Edition, February 11, 2005. Copyright 2005 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.