During the trial, Mosten Investment LP had argued that its universal life insurance policy
with the Canadian insurer allowed for unlimited deposits and a guaranteed return.
"Mosten owns a specific insurance contract from 1997, the Architect IIe universal life insurance policy
. Mosten argued it can deposit an unlimited amount of money with Manulife and receive an annualized guaranteed return of at least 4.00% -- and possibly a good deal higher -- with one-month liquidity, according to its reading of the contract.
An arm of New York Life Insurance Company has introduced a universal life insurance policy
aimed at the long-term care planning market.
1, 2015, establishes for policy illustrations a benchmark-crediting rate, one of many moving parts in an indexed universal life insurance policy
. The guideline also establishes a ceiling for index values used in policy illustrations, limits loan crediting rates to 100 basis points over a charged rate and requires additional disclosures.
Simplified Life is designed for consumers seeking the protection, cash value accumulation potential, flexibility and tax advantages offered by a variable universal life insurance policy
- with the convenience of a quick-to-issue application process.
Almost all riders are attached to a universal life insurance policy
. Therefore, a standard evaluation of the policy must be made, as for any insurance contract.
When it comes to specific products, what is most appropriate for some millennials (as determined after a comprehensive financial assessment that should be conducted for each client or prospect) may be a universal life insurance policy
offering not only needed guarantees, but also the potential to access cash value in the contract to cope with costly contingencies while still alive.
One of many similar products is Pacific Life's PremierCare, a universal life insurance policy
with long-term care benefits.
Under a universal life insurance policy
, the death benefit, cash value and premiums can be altered if a policyholder's circumstances change, and the policyholder can use the interest from the cash value to help pay the premiums.
Eleven years ago Frank and Martha created an irrevocable life insurance trust (ILIT), which purchased a $2-million survivorship universal life insurance policy
. Martha has just been notified by the trustee that the annual premium of $30,000 is due.
To offset this risk of loss, the annuity arbitrage strategy also involves the purchase of a guaranteed universal life insurance policy
, designed to require level annual premiums until the death of the insured.