Insurers step up manufacture of universal life products. (Life/Health: Marketplace).Life insurers have churned out a spate of new universal life products, all designed for wealthy customers interested in cash accumulation, estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the , no-lapse protections or asset protection. * Penn Mutual Penn Mutual traces its beginning to 1847 when it became the seventh mutual life insurance company chartered in the United States. At the time of its organization there was a general distrust of stockholder-owned corporations so it was established as a mutual owned by its Life Insurance Co. introduced Protection Builder, a flexible-premium and adjustable product with optional no-lapse protection to age 100, several family- and business-protection options and a host of riders. * Principal Financial Group now offers affordable protection across all rating classes. Principal Universal Life has a super-preferred underwriting class, low premiums and a range of substandard substandard, adj below an acceptable level of performance. classes and limited-pay discounts. * John Hancock Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. added Performance SUL SUL See You Later SUL State University Libraries SUL Secretariado Uruguayo de la Lana (Spanish) SUL Stiff Upper Lip (band) SUL Small Unit Logistics , which targets conservative clients who need survivorship survivorship n. the right to receive full title or ownership due to having survived another person. Survivorship is particularly applied to persons owning real property or other assets, such as bank accounts or stocks, in "joint tenancy. protection and who need to accumulate cash. The policy can be issued to age 99, and it guarantees a minimum 4% interest rate. * Safeco Life Insurance Co.'s Accelerated Universal Life policy boosted universal life sales by 58% through June over the same period a year ago. The policy credits a bonus of up to 2% above the current interest rate to reward long-term customers. A "transportation benefit" is paid if death occurs 100 or more miles from home. * Ameritas Life Insurance Corp. designed its No-Load Universal Life policy for those who seek supplemental retirement income. It has no sales loads, so it produces immediate liquidity and high first-year cash value. There are no surrender charges. * Lincoln National Life Insurance Co., enhanced its MoneyGuard UL policy, which links life insurance with long-term-care benefits. The long-term-care benefits rider was extended to six years from two years. Life/Health Marketplace is compiled by Senior Associate Editor Ron Panko. |
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