When considering universal life insurance
, a potential holder should be aware of their greater personal responsibility.
Four primary factors, in addition to the premium, influence the ultimate level of the surrender value in a universal life insurance
policy: the surrender charge, the mortality charge, the expense charge, and the credited interest rate.
We added the new investment options after getting input from our field force and the stockbrokers, financial planners and bank reps who sell our variable universal life insurance
products," said Timothy Fitch, senior vice president of product development for Hartford Life's individual life division.
Symetra Classic Universal Life Insurance
is a flexible premium universal life insurance
policy issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.
The product includes a VUL conversion feature that allows clients to exchange their policy for a variable universal life insurance
policy without evidence of insurability.
Unlike term insurance, which provides coverage for a set period of time, universal life insurance
is permanent insurance that provides protection in case of death as well as a savings or cash value component.
Variable universal life insurance
is offered by prospectus, is issued by Jefferson Pilot LifeAmerica Insurance Company, and is distributed by Jefferson Pilot Variable Corporation.
Investment advisor Al Peltier says he likes variable universal life insurance
for clients Dawn and Scott Jackson because it has an investment component that allows net premiums to be put to work in subaccounts that invest in a corresponding portfolio of stocks, bonds, money market funds or fixed accounts, with a number of tax benefits.
Premiere III Xpress is designed to simplify the purchasing process for both clients and agents, especially those who may have avoided variable universal life insurance
in the past because of perceived complexity.
National Life is committing resources to the fledgling product line, and Pinkans and his staff are projecting at least a 15- to 20-fold increase in equity indexed universal life insurance
sales over the next 12 months.
NEW YORK, July 21 /PRNewswire/ -- Standard & Poor's today revised its financial strength rating on Universal Life Insurance
To meet the growing demand for life insurance products that offer the potential for additional cash value accumulation without the risks of variable universal life insurance
, The Penn Mutual Life Insurance Company and its wholly owned subsidiary, The Penn Insurance & Annuity Company, have added Accumulation Builder Indexed Universal Life (IUL) to their competitive line of life insurance and annuity products.