Executive Universal Life 5
Executive Universal Life 5 is the King of Cash – a product that allows you to get paid more or more… while offering your clients a competitive product.
Cash and Value for Your Clients
- Two Interest Bonuses1 Band 1 and 2 offers 1% in years 11-20 and 1.15% in years 21+. Band 3 offers 1% in years 11+ (no additional bonus in year 21 due to higher .15% initial crediting rate).
- Guaranteed Premium Bonus2
- Contractually Guaranteed Zero Cost Loans – available in year 6+ on the full loan value3
In addition, your clients have the ability to advance up to 24% of their death benefit per year through our no-cost ABR-C rider should they need help paying for expenses surrounding a chronic illness.
1Not available in Texas.
220 percent of the average of net premiums paid in years 1-10 is automatically paid into the policy by the company in policy years 11-15, further enhancing the opportunity for growth (maximum amounts apply).
3Guaranteed Zero Cost Loans are loans charged and credited at 3.5 percent for a net zero cost. The full loan value equals 94% of the contract fund minus surrender charges.
High Compensation and Target Premiums
Great Loan Provisions
- In this product, a Zero Cost Loan is a loan charged and credited at the same amount (3.5 percent), for a net zero cost.
- The full loan value equals 94 percent of the contract fund, minus surrender charges.
Where do you use it?
Executive Universal Life 5 is a great product for clients interested in long-term death benefit protection, cash-value accumulation, and loan provisions:
- Long-term Cash-Value Accumulation Markets
- The EUL5 has been designed to be competitive as a long-term cash-value accumulation product (30+ years), without sacrificing agent compensation.
- Those Who Wish to Use the Policy’s Cash Value for Living Needs
- The EUL5 offers one of the most competitive loan provisions in the life insurance industry (guaranteed Zero Cost Loans in year 6+ on the full loan value of the policy). This feature make this product appropriate for those who would like to use the policy’s cash value for education, retirement, or other similar needs that occur during the policyowner's lifetime. (In this product, Zero Cost Loans are loans charged and credited at 3.5 percent, for a net zero cost.)
- Affluent Markets
- Banding at $1,000,000 makes the EUL5 a great life insurance product for the consumer with larger death benefit needs. These cases often require more time and effort than the typical life insurance sale. The EUL5’s high target premiums (and two commission options) ensure that the agent is paid fairly for the time and effort these cases require.