UL Policy Design Objectives

By Staff Writer

October 06, 2004 at 08:00 PM

Share & Print

Acacia Life Flex Account Ultra

Lifetime Death Benefit Rider; Accumulation Sales; Long-Term Values; Maximum Retirement Income; Living Benefits

AIG American General Life ContinUL

Death Benefit Guarantees; Return of Premium; Term Blending; Preferred Loans; Low Guarantee Premiums

AIG American General Life Elite UL 2003

Low Premium to Carry; Low Cost Death Benefits

AIG American General Life Elite Universal Life-G 2003

Lifetime Death Benefit Guarantee; Maximum Death Benefits; Low Premium to Carry; Limited Payment Scenarios

AIG American General Life Platinum Provider Ultra 2003

Low Premiums; Death Benefits; Business Applications; Supplemental Insurance Blending

AIG American General Life Platinum Provider Ultra G 2003

Death Benefit Guarantees; Catch-Up Provision; High Issue Ages; Return of Premium

AIG American General Life Platinum Protector G

Low Cost Death Benefits; Term Alternative; Full Death Benefit Guarantee

AmerUs Life Freedom ULFlex

Low Face Amounts; Low Premium Payment Solves; No Current Expenses After Year 5

AmerUs Life Vision Builder Series II (EIUL)

Equity Indexed UL; Death Benefit Guarantee to Age 100; Bonus

AmerUs Life Freedom ULC 2004

Maximum Death Benefits; Standard & Older Insureds; Low Premium to Carry; Death Benefit Guarantee to Age 100

AmerUs Life Advantage Builder (EIUL)

Equity Indexed UL; Death Benefit Guarantee to Age 100

Banner Life Continuity Lifetime UL

Lifetime Guaranteed Premiums; Full Death Benefit Guarantee

Conseco Life Indexed UL 2 (EIUL)

Equity Indexed UL; Death Benefit Guarantees; Bonus

Conseco Life Universal Life

Bonus; Low Premium to Endow & Carry; Death Benefit Guarantees

Equitable Life Athena Universal Life II

Term Alternative; Premium Financing; Lifetime No-lapse Guarantee

First Colony Life Lifetime Protector 50+ (SM)

Designed for Ages 50+; Lifetime Guarantee

First Colony Life Lifetime Protector Flex (SM)

Maximum Death Benefits; Flexible Death Benefit Guarantees

General America Life UL Secondary Guarantee

Lifetime Death Benefit Guarantee; Low Premium

Indianapolis Life Horizon ULFlex 2001

Low Face Amounts; Low Premium Payment Solves; No Current Expenses After Year 5

Indianapolis Life Vista Elite Series II (EIUL)

Equity Indexed UL; Death Benefit Guarantee to Age 100; Bonus

Indianapolis Life Horizon ULC 2004

Maximum Death Benefits; Standard & Older Insureds; Low Premium to Carry; Death Benefit Guarantee to Age 100

Indianapolis Life Vista Advantage (EIUL)

Equity Indexed UL; Lifetime No Lapse Rider

ING – ReliaStar Life GPUL

Lifetime Death Benefit Guarantee

ING – ReliaStar Life LDGUL

Term Blendability; 1035 Rescue; Short Pay Scenarios; Up to Lifetime DB Guarantee

ING – ReliaStar Life Premier Design

Low Cost Death Benefits; Low Premium to Endow

ING – Security Life of Denver Explorer UL

Long-Term Performance; No Maturity Date; Guaranteed Issue for 10+ Lives; Adjustable Term Rider

ING – Security Life of Denver Strategic Accumulator

Accumulation Sales

Jackson National Life Generations UL

Death Benefit Sales; Lifetime Death Benefit Guarantee

Jefferson-Pilot Life Legend 300 XG

Death Benefit Sales; No Maturity Date; Low Premium to Carry

Jefferson-Pilot Life Legend 300 Plus

Death Benefit Guarantee to Age 100; No Maturity Date; Various Sales Scenarios

Jefferson-Pilot Life Legend 300

Low Premium Solves; Long-Term Values; Low COI; Maximum Death Benefits

Jefferson-Pilot Life Legend 400

Maximum Retirement Income; Extended Maturity

John Hancock Life Protection UL

Flexible DB Guarantees; Low Endowment Premium; LifeCare Benefit

John Hancock Life Performance UL Core

Accumulation Sales; Maximum Retirement Income; LifeCare Benefit

John Hancock Life Performance UL

High Cash Value; Maximum Retirement Income; LifeCare Benefit

Lincoln Benefit Life Legacy Secure

Lifetime Death Benefit Guarantees

Lincoln Benefit Life Ultra Plus

Accumulation Sales; Long-Term Values (20-30 years)

Lincoln National Life UL-DB

Low Premium to Endow; 5 Year No Lapse

Lincoln National Life UL LPR 5

Low Cost Lifetime Death Benefit Guarantee

Manufacturers Life (U.S.A.) Manulife UL-G 2004

Payment Duration Scenarios; Lifetime Guarantee

Massachusetts Mutual Life (CM Life) UL 2 Guaranteed

Full Death Benefit Guarantee; Broad/Favorable Underwriting

Massachusetts Mutual Life (CM Life) UL 2

Low Premium to Endow; Low Premium to Carry; Accumulation Sales; Long-Term Values

Midland National Life Premier UL 4

No Load; Cash Value Accumulation; Bonuses

Midland National Life Innovation UL 2

Death Benefit Guarantee to Age 100; Extended Maturity; Low Premium to Carry; Maximum Death Benefits

Midland National Life Executive UL 5

Cash Value Accumulation; Maximum Income

Mutual of Omaha Life Priority Max

Lifetime Death Benefit Guarantee; Short Pay Scenarios; Bonus; Cash Values

National Life NaviTrak II

Included Living Benefits; Lifetime Death Benefit Guarantee; Bonus; Long Term Care Rider

Nationwide Life UL 100

Low Premium to Endow; Guaranteed Death Benefit to Age 100

Nationwide Life Nationwide Legacy Provider

Age 100; Death Benefit Guarantee Sales Only

New York Life NYLIAC Protector

Business Applications; Term Alternative; Low Premium to Carry; Maximum Death Benefits

New York Life NYLIAC Accumulator

Cash Value Accumulation; Maximum Retirement Income

New York Life NYLIAC Pinnacle UL AD104

No Surrender Charges w/ Front Load; Low COIs; Flexible Riders; Qualified and Non-Qualified Sales; Long-Term Performance

North American Life Custom TermUL

Term-Alternative; Low Premium to Carry to Age 100; Low Cost Death Benefits; 10 Year No-lapse Guarantees; Extended Maturity Option; Protected Pour-In; Interest Bonus; Full Spectrum Underwriting

North American Life Custom Guarantee

Lifetime Death Benefit Guarantee; Dial-a-Guarantee Flexibility; No-lapse Guarantees; Protected Pour-In; Low Minimum Face Amount; Full Spectrum Underwriting

North American Life Custom Extra

Low Cost Death Benefit; No-lapse Guarantees; Extended Maturity; Low Minimum Face; Various Sales Scenarios; Full Spectrum Underwriting

North American Life Custom Accumulator

Guaranteed Return of Premium; Cash Value Accumulation; Lifetime Coverage; Extended Maturity; Short Surrender Period; Low Cost Net Loans; Single Premium Asset Reallocation; 1035 Exchanges; Full Spectrum Underwriting

Ohio National Life Virtus 100 G

Low Cost Lifetime Death Benefit Guarantee

Ohio National Life Virtus Value

Low Premium to Carry or Endow; Death Benefit Sales; Accumulation Sales; Long-Term Values

Pacific Life Versa-Flex V

Noncommissionable Term Rider; Lifetime Death Benefit Guarantee; Early Surrender Values; No Maturity Age

Penn Mutual Life Protection Builder

Lifetime Death Benefit Guarantee; Riders

Phoenix Life Phoenix Protector ULII

Age 100/Lifetime Death Benefit Guarantees; Death Benefit Sales

Phoenix Life Phoenix Accumulator ULII

Low Premium to Endow; Low Premium to Carry; Death Benefit Sales; Accumulation Sales; Various Sales Scenarios; Income; Long-Term Values

Principal Life UL3

Low Endowment Premium; Low Premium to Carry; High Cash Value; Maximum Retirement Income; Broad/Favorable Underwriting; COLI; Long-Term Values

Principal Life UL Protector

Lifetime Death Benefit Guarantee; Low Endowment Premium; Low Premium to Carry; Broad/Favorable Underwriting

Protective Life Skyline Gold 120

Lifetime (to age 120) Death Benefit Guarantee

Protective Life Protective Custom UL

High Cash Value Accumulation; Maximum Retirement Income; Long-Term Values; 1035 Loan Transfers

Protective Life Protective Classic UL

Low Endowment Premium; Low Premium to Carry; Death Benefit Sales

Protective Life Protective 100Plus

High Cash Value Accumulation; Maximum Retirement Income; Long-Term Values

Protective Life Protective Select UL II

Lifetime Death Benefit Guarantee; Low Premium to Guarantee Death Benefit; Death Benefit Sales; Various Sales Scenarios

Security Mutual Life of NY Security Premier UL

Low Premium to Endow; Low Premium to Carry; Accumulation Sales; Various Sales Scenarios; Good Long-Term Value; Broad/Favorable Underwriting; Attractive Target Premiums

State Farm Life Universal Life

Death Benefit Sales; Accumulation Sales

Sun Life Sun Universal Protector – LP2

No-lapse Guarantee to 60 Years; Maturity Extension

Sun Life Sun UL Protector Plus

Various Sales Scenarios; Cash Value Accumulation; Income

TIAA-CREF Life Flexible Premium Adjustable Life

Low Premium to Endow; No Surrender Charges; High Crediting Rate

Transamerica Occidental Life TransAce EX

Lifetime Death Benefit Guarantee; Large Face Amounts

Transamerica Occidental Life TransUltra EX

Large Face Amounts; Built-in Death Benefit Guarantee; Select Nonsmoking Class

Union Central Life Excel Protector

Long-Term Values; Low Premium to Carry

United States Life of NY (AIG Co.) Medalist Premier

Maximum Death Benefits; Business Applications

West Coast Life LifeTime Gold 120

Lifetime (Age 120) Guarantees; Rolling Target

William Penn Life of NY Longevity UL

NY Policy; Lifetime Death Benefit Guarantee Available

Zurich Life Lifetime UL

Flexibility; Available Death Benefit Guarantee

Reproduced from National Underwriter Edition, October 7, 2004. Copyright 2004 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.

NOT FOR REPRINT