Assured Plus Protector is a competitive, current assumption Universal Life insurance policy with living benefits through the Benefits for Living riders.

 

Benefits for Living is a powerful financial tool that provides your family with financial security at death but also provides financial security in the event of a long-term illness, critical illness or terminal illness. There is no additional premium cost for these accelerated living benefits and provides future options as life changes. The living benefits include:

 

• Long-Term Care/Chronic Illness Acceleration – accelerates the death benefit when the insured cannot perform 2 out 6 activities of daily living

• Critical Illness Acceleration – accelerates the death benefit when the insured experiences a qualifying event including heart attack, stroke and cancer

 

• Terminal Illness Acceleration – accelerates the death benefit when the insured has a terminal illness and life expectancy less than 12 months. 

• Guaranteed Income for Life – annual income the insured cannot outlive.

 

 

Assured Plus Protector provides the following policy features:

 

Flexibility: Premium, income and death benefit flexibility with options to access policy benefits during the insured’s lifetime. 
Premium – allows single premium, limited pay, lifetime premiums.
Death Benefit – allows Option A and Option B.
Income – limited or lifetime income.

Minimum Death Benefit: $250,000

Issue Age: 0 – 85.

Coverage Period: Death benefit to age 120. No premiums required beyond age 100, as the policy is guaranteed to age 120, as long as there's $1 of Cash Surrender Value at age 100.

Surrender Schedule: 19 years

Policy Loans/Withdrawals: Available after the first policy year.

1035x with Loans: Available for up to 50% of the gross exchange amount.

Interest Rate Crediting: New money. 3% minimum guaranteed interest rate.

Rate Classifications:             

• Elite Preferred (issue ages 20-70)

• Preferred Non-Smoker (issue ages 20-80)

• Standard Non-Smoker (issue ages 0-85)

• Preferred Smoker (issue ages 20-80)

• Standard Smoker (issue ages 20-85)

No-Lapse Guarantee:            

Death Benefit Protection Rider.
Issue Ages: 0-75
No-lapse period: 20 years
Premium: No additional charge 0-50. Above age 51, there is a premium charge.

Long-Term Care/Chronic Illness Acceleration: 
Income tax-free living benefit in the event of a long-term/chronic illness through the Chronic Illness Accelerated Benefits Rider. Rider specs include:
• Available on all table ratings and all policies up to $2 million of death benefit
• Annual acceleration limited to the indexed IRS per diem benefit,  $113,150 for 2012
• Own doctor must certify annually that insured is unable to perform 2 out of 6 ADL’s or cognitive impairment. ADL’s – Eating, Toileting, Transferring, Bathing, Dressing and Continence
• No additional premium cost.
• Rider is not underwritten separately.
• Cash Benefit, no restrictions on the use of the benefit
• Works well in trust-owned policies.
• Paid–up policy is available at the time of acceleration.
• No waiting period to accelerate the benefit.

Life Changes. Protect It.