Universal Life Insurance

The Survivorship Universal Life policy can assist in planning for the following needs:

• Help preserve your estate - Even if you have dipped into your assets during retirement, the policy will leave death benefit proceeds that pass generally income-tax free to your beneficiaries. They could use the policy proceeds to help offset federal estate taxes, keeping your estate intact 2
• Business transition planning - Life insurance can help provide the funds needed to orderly transfer ownership of a business. For family-owned businesses, it can help make sure those interested in continuing the business can do so, while providing for non-interested heirs
• Charitable Giving - Maybe you have a special place in your heart for a certain charity. With Survivorship Universal Life, you can truly make a difference
• Funding a special-needs trust - For those needing extended care, life insurance can provide the funds to pay for expenses when caregivers are no longer living

Additional Benefits:

• Build tax-deferred cash value - The growth in cash value is federal tax- deferred and it can be accessed for a variety of personal needs 3
• Flexible premiums* - Raise or lower premiums, depending on your changing needs or financial situation
• Affordable - Since the policy pays only after two people have passed on, it costs less than two whole life or universal life insurance policies
• Tax-free death benefit - No matter how large your death benefit, it passes to your beneficiaries generally income tax-free

Provides for additional death benefit during the first four years of the policy to assist with specific tax planning situations.

Provides additional coverage on either insured until age 95, subject to a $100,000 minimum amount. This rider is convertible until age 75 to any whole life plan that is available.

Helps preserve your plan at a time when income may be limited due to a disability. Waiver of Monthly Deduction for Death and Disability is an optional rider available to eligible applicant's age 59 or less. This benefit will be on Insured 1 only and not on Insured 2. When Insured 1 becomes totally disabled for 6 continuous months as defined in the policy, prior to age 60, this coverage will waive all future monthly deductions as long as the insured continues to be totally disabled. If Insured 1 becomes disabled between ages 60 up to age 65, this coverage will waive monthly deductions to the later of the third policy anniversary after total disability or the anniversary when Insured 1 is age 65. If Insured 1 dies prior to age 65, or while monthly deductions are being waived for disability, all future monthly deductions will be waived.