Executive Universal Life
Executive Universal Life is a cash accumulation universal life insurance policy that offers flexible premium choices and a no lapse guarantee for the first ten years.
Flexible Premium
Your client may choose to start out paying the minimum premium in the first policy year, and then increase premium payment in the later years. The premiums can range from minimum premium to the maximum premium allowed by law.
No Lapse Guarantee
The policy is guaranteed not to lapse during the first ten years if the premium payments meet or exceed the amount of the No Lapse Guarantee Premium requirement. The No Lapse Guarantee Premium is an amount established when the policy is issued.
Issue Ages: 0-85
Minimum Face Amount: $100,000
Riders Available: Accelerated Benefit Rider for Terminal Illness, Accelerated Benefit Rider for Terminal Illness, Accelerated Benefit Rider for Critical Illness, Overloan Protection Rider, Disability Waiver of Minimum Premium, Disability Waiver of Stipulated Premium, Children’s Level Term Rider, Guaranteed Increase Option Rider
Sales Tools
Audience | Document | Updated | Link |
---|---|---|---|
Producer Use Only | Forms | 01/09/2024 | Click Here |
Producer Use Only | Multi-Carrier Underwriting Guide | 04/05/2024 | Click Here |
Product Resources
Audience | Document | Updated | Form Number | Link |
---|---|---|---|---|
Producer Use Only | Product Portfolio | 12/13/2023 | 9234 | Click Here |
Producer Use Only | Term Conversion Guide | 12/13/2023 | 10563 | Click Here |
Producer Use Only | Product FAQs | 12/20/2023 | IMG8242 | Click Here |
Consumer Use | Accelerated Benefit Riders Consumer Brochure | 01/18/2024 | 10743 | Click Here |
Consumer Use | Consumer Brochure | 12/20/2023 | 10174 | Click Here |
Consumer Use | Family Financial Needs Analysis Consumer Worksheet | 12/13/2023 | IMG20709 | Click Here |
Consumer Use | Riders and Benefits Guide | 12/13/2023 | 10695 | Click Here |
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