|
|
|
WHOLE |
UNIVERSAL |
VARIABLE
UNIVERSAL |
| CHARACTERISTICS |
Affordable,
low-cost coverage for a specific period of time. No cash
accumulation. |
Lifetime coverage, guaranteed* level premiums, tax-deferred accumulation of cash values. |
Lifetime coverage, flexible premiums and death benefits, tax-deferred accumulation of cash values. |
Lifetime coverage, flexible premiums and death benefits, tax-deferred accumulation of cash values, a selection of investment options. |
| PREMIUMS |
Level
during coverage term; may increase substantially if renewed at
end of term. |
Guaranteed* level. |
Flexible |
Flexible |
| CASH
VALUES |
None |
Guaranteed*; tax-deferred; low interest rate. |
Guaranteed* minimum interest rate; with the possibility to earn more interest, tax-deferred. |
Growth (or loss) dependent on performance of underlying sub-accounts; tax-deferred. |
| LOANS
AND/OR WITHDRAWALS |
None |
Cash value may be borrowed at interest, but not withdrawn. |
Cash value may be borrowed at interest or withdrawn, depending upon policy owner needs. |
Between 75% and 95% of cash value may be borrowed at interest or withdrawn, depending upon policy owner needs. |
| LENGTH
OF COVERAGE |
Specified
term spelled out in the contract; chosen by policy owner. |
To age
100. |
To
age 100. |
Determined
by policy holder. |
| DEATH
BENEFIT |
Fixed |
Fixed |
Adjustable;
increases may require proof in insurability. |
Adjustable;
increases may require proof in insurability. |
| INVESTMENT
RISK BELONGS TO: |
No
risk. |
Insurance
Company |
Insurance
Company |
Policy
Owner |
