Life Protection Advantage is an indexed universal life policy emphasizing long-term, affordable death benefit protection along with flexibility for the future. The growth in the policy is typically used to help extend the policy's death benefit coverage beyond the no-lapse protection period.

View Past Performance and Renewal Rates

Indexed Universal Life Express is an indexed universal life policy that provides long-term death benefit protection. It is issued on a simplified underwriting basis, which means your clients can get their policies faster and you can get paid faster.

View Past Performance and Renewal Rates

0 – 85

• 18 – 75 (non-tobacco)
• 18 – 75 (tobacco)

• Individuals with a long-term death benefit need such as income replacement, wealth transfer or estate planning
• Clients who:
  • Want to lock-in a death benefit that is guaranteed for a meaningful number of years
  • Understand the additional years of death benefit protection they need beyond the no-lapse protection period can be extended on a non-guaranteed basis
  • Desire a policy with flexibility for the future

• Individuals with a long-term death benefit need to protect their family and replace their income should something happen to them
• Clients who:
  • Understand that coverage beyond the no-lapse period is available on a non-guaranteed basis
  • Desire a policy with flexibility for the future
  • Want their coverage issued quickly without lengthy health inquiries

$100,000 and up

• $25,000 - $300,000 (ages 18-50)
• $25,000 - $250,000 (ages 51-60)
• $25,000 - $150,000 (ages 61+)

• Preferred Plus (nontobacco)
• Preferred (nontobacco, tobacco)
• Standard Plus (nontobacco)
• Standard (nontobacco, tobacco)

Standard (nontobacco, tobacco)

Table 1 (A) to 16 (P)

N/A

First 14 years

First 14 years

Monthly Policy Fees
Current = $5
Guaranteed = $10
Monthly charge per $1,000 of Specified Amount
Cost of insurance for the current month
Cost of riders for the current month

Premium Charge
Current = 4% up to the target
7.5% in excess of the target
Guaranteed = 10% of each premium

Monthly Policy Fees
Current = $5
Guaranteed = $10
Monthly charge per $1,000 of Specified Amount
Cost of insurance for the current month
Cost of riders for the current month

Premium Charge
Current = 4.5%
Guaranteed = 10% of each premium

• Guaranteed Refund Option*
• Long-term Care Rider
• Accelerated Death Benefit for Terminal and Chronic Illness Riders*
• Lapse Guard^SM Rider*
• Guaranteed Insurability Rider
• Accidental Death Benefit Rider
• Disability Continuation of Planned Premium Rider
• Disability Waiver of Policy Charges
• Dependent Children’s Rider
• Additional Insured Term Rider (self and other insured)

*Included in the policy

• Accelerated Death Benefit for Critical, Terminal and Chronic Illness Riders*
• Lapse Guard^SM Rider*
• Guaranteed Insurability Rider*
• Accidental Death Benefit Rider
• Disability Continuation of Planned Premium Rider
• Disability Waiver of Policy Charges
• Dependent Children’s Rider

*Included in the policy

2% on fixed account

2% on fixed account

Standard Loan (Years 1 – 9):
Charge 4% (in arrears)
Credit 2%

Standard Loan (Years 10+):
Charge 2% (in arrears)
Credit 2%

Index Loan
Charge: Currently declared rate not to exceed 6%
Credit: Based on Index Crediting Strategy Performance

Standard Loan (Years 1 – 9):
Charge 4% (in arrears)
Credit 2%

Standard Loan (Years 10+):
Charge 2% (in arrears)
Credit 2%

Index Loan
Charge: Currently declared rate not to exceed 6%
Credit: Based on Index Crediting Strategy Performance

Allowed after first policy year, $100 minimum

Allowed after first policy year, $100 minimum

Long-Term:

• Ages 0-79: to age 90
• For insureds issue ages 80 and above, a guarantee to age 90 is provided by paying the short-term no-lapse protection premium.

Short-Term:

• Ages 0-79: 10 years
• Ages 80-85: calculation = (90 minus issue age)

Index crediting strategies
Life Protection Advantage has four index crediting strategies:

• S&P 500® One-Year 100% Participation
• S&P 500® One-Year High Participation
• S&P 500® One-Year Uncapped
• BofA U.S. Agility Index: One-Year Uncapped

Index account
This account earns an index credit based on an index selection.

Fixed account
An account that offers the company’s currently declared, nonguaranteed interest rate.

Short-term holding account
An account where net premiums are initially placed until they can be allocated to the fixed and/or index account on the 10th of the month following the premium payment.

Index crediting strategies
IUL Express has four index crediting strategies:

• S&P 500® One-Year 100% Participation
• S&P 500® One-Year High Participation
• S&P 500® One-Year Uncapped
• BofA U.S. Agility Index: One-Year Uncapped

Index account
This account earns an index credit based on an index selection.

Fixed account
An account that offers the company’s currently declared, nonguaranteed interest rate.

Short-term holding account
An account where net premiums are initially placed until they can be allocated to the fixed and/or index account on the 10th of the month following the premium payment.