Want to learn more about our products? 1. Register for our financial professional website to get access to detailed product information. 2. Contact our Life Sales Support Team Please keep in mind that the primary reason to purchase a life insurance product is the death benefit. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions such as surrender charges. Policyholders could lose money in these products. Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender, and will reduce both the surrender value and death benefit. Withdrawals may be subject to taxation...
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Universal Life Insurance Universal life insurance is permanent life insurance — that is, it remains in force for your whole life. But universal life insurance has an important difference from other types of permanent insurance: it provides a flexible premium. That means the policyholder decides how much to put in above a set minimum. By extension, the policyholder also determines the face amount of the policy. Universal life insurance policies accumulate cash value — cash value that grows tax deferred. Guarantees are based on the claims-paying ability of the issuing company. Universal life insurance policies normally let policyholders borrow a portion of their policy’s...
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What Is Universal Life Insurance? Universal life insurance was developed in the late 1970s to overcome some of the disadvantages associated with term and whole life insurance. As with other types of life insurance, you pay regular premiums to your insurance company, in exchange for which the insurance company will pay a specific benefit to your beneficiaries upon your death. As with whole life insurance, a portion of each payment goes to the insurance company to pay for the pure cost of insurance. The remainder is invested in the company’s general investment portfolio, with the potential to build cash value. Most universal life policies pay a minimum guaranteed rate of return. Any...
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Universal Life Company Profile Incorporated as a private company by prominent Cypriot businessmen in 1970, Universal Life was the first insurance company to be founded in Cyprus after the enactment of the local insurance legislation. Universal Life was instrumental in the development of the life insurance industry in Cyprus through the introduction of new insurance concepts and the advancement of insurance values amongst Cypriots. Today, Universal Life, a member of Photos Photiades Group, is one of the most prominent life insurance companies of the island and the leading company in the local accident and health sector. During the last few years it has been ranked as the most trusted and...
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CHICAGO, April 17, 2018 (GLOBE NEWSWIRE) -- North American Company for Life and Health Insurance announced the release of a new Indexed Universal Life (IUL) insurance product. The new Builder Plus IUL is a permanent life insurance policy offering death benefit protection with the ability to build cash value through interest crediting based on the performance of a selected stock index performance without participation directly in the stock market. Additional product features have been added to boost cash value potential. Key new features include an account interest multiplier, which bumps up the interest credit by 10 percent beginning in policy year six, as well as a guaranteed 1 percent...
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Loans, partial surrenders and withdrawals will reduce both the surrender value and death benefit. Under certain circumstances, policy loans and withdrawals may be subject to income taxation. This information is accurate unless the policy is a modified endowment contract. Agreements/riders may be subject to additional costs and restrictions. Indexed Universal Life Insurance is designed first and foremost to provide life insurance protection. While the interest crediting options available with these products are attractive for cash value accumulation, your fundamental objective in buying the product should be life insurance protection for you and your family or business. Life insurance...
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Universal Life Insurance Universal life insurance is permanent life insurance — that is, it remains in force for your whole life. But universal life insurance has an important difference from other types of permanent insurance: it provides a flexible premium. That means the policyholder decides how much to put in above a set minimum. By extension, the policyholder also determines the face amount of the policy. Universal life insurance policies accumulate cash value — cash value that grows tax deferred. Guarantees are based on the claims-paying ability of the issuing company. Universal life insurance policies normally let policyholders borrow a portion of their policy’s...
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DataIntelo, one of the world’s prominent market research firms has announced a novel report on Global Universal Life Insurance Market. The report contains vital insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Universal Life Insurance market to figure out and study the market needs, market size, and competition. The report incorporates data regarding the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities, and the threats faced by key players during the forecast period of 2020-2027. Impact of COVID-19 on Universal Life...
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Universal Life Insurance Universal life insurance is permanent life insurance — that is, it remains in force for your whole life. But universal life insurance has an important difference from other types of permanent insurance: it provides a flexible premium. That means the policyholder decides how much to put in above a set minimum. By extension, the policyholder also determines the face amount of the policy. Universal life insurance policies accumulate cash value — cash value that grows tax deferred. Guarantees are based on the claims-paying ability of the issuing company. Universal life insurance policies normally let policyholders borrow a portion of their policy’s...
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A new business intelligence report released by HTF MI with title “COVID-19 Outbreak-Global Universal Life Insurance Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020” is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Universal Life Insurance Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Foresters...
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