As a general rule, Current Assumption UL illustrations are intentionally designed to calculate the minimum annual premium necessary in order to keep the policy in force indefinitely (typically age 100, although policies are sometimes run to age 121), this approach to policy design is a big part of what differentiates
Universal Life insurance from the primary alternative in the permanent life insurance arena: Whole Life.
For more information about
universal life insurance, visit Desjardins Insurance at www.
Universal life insurance: Combines features of term life insurance and whole life insurance policies by offering death benefits at lower, flexible premiums with a cash value.
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Universal life insurance is a policy in which part of the premiums goes toward a savings account that can be tied to an adjustable interest rate.
Indexed
universal life insurance posted sales gains in 2012 of nearly 36%, according to Limra, making it last year's fastest growing life insurance product.
NLG's term life insurance, whole life insurance,
universal life insurance and annuities are options to consider when planning for the future.
In late 1998, Cochran and his insurance agent, independent of the trustee (not KeyBank) at the time, decided to replace all of these life insurance policies and the annuity with two variable
universal life insurance policies, which had a total death benefit of $8 million.