announced this finding in the 77th edition of its "Wink's Sales & Market Report," which surveys indexed universal life insurance
sales on a quarterly basis.
Indexed universal life insurance
policies are cash value life insurance products that are tied to a specific stock index--such as the S&P 500--and provide returns based on a formula that is tied to market performance.
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.
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.
A Universal life insurance
policies offer an investment element and a death benefit, while giving the policyholder the right to increase or decrease the amount of the investment element.
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.
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.
Protective Life Insurance Company and West Coast Life Insurance Company announced the release of a new innovative universal life insurance
rider designed to encourage individuals to improve their health through key lifestyle changes, with the goal of outliving their estimated life expectancies.
There are two methods of producing a guarantee of non-lapse of a universal life insurance
contract, according to the ACLI.
New variable universal life insurance
policy provides death-benefit guarantees and upside market potential