Modified Universal Life Insurance
Modified Universal Life Insurance has all the advantages of universal life insurance, but with much lower starting premiums (as much as 50% less). Modified universal life is a very good alternative to term life insurance (which is often selected for its low premiums). This can allow you to get a permanent type of life insurance and thus avoid compromising on future needs for life insurance. Modified Universal Life can also offer the same added security of a built in lapse protection provision as standard universal life insurance
Modified Universal life insurance is also a very flexible and versatile product designed to help solve a variety of long term needs.With careful planning and expert advice, you may find that universal life insurance can help you address both immediate and long term financial and security needs.
Feature of modified universal life insurance policies include:
. Flexible premium payments
. adjustable death benefit coverage
. proceeds payable directly to your beneficiaries (to avoid probate)
. tax deferred growth on policy values*
. access to policy values through policy loans and withdrawals
Modified Universal Life requires lower premiums for the first five years, with increasing premiums in years six through ten, and level premiums beginning in year 11. This flexible premium universal life policy can help solve both personal and business planning needs.
How do you compare to other americans?
FACT: 10% of families with children under 18 have no life insurance protection.
FACT: 56% of married parents believe their current coverage is adequate
FACT: 22% of families with dependent children admit they will have immediate trouble meeting everyday living expenses and another 26% can cover expenses for ONLY a few months if a primary wage earner dies.
FACT: Parents find buying life insurance complex and confusing - half do not know how much to buy and 39% worry about making the wrong decision.
See brochure, G II Universal Life
