Universal Life Flex III

• Choice between, optional extended no-lapse guarantees to the lesser of age 95 or 35 years, or 10-year no-lapse guarantee provision.   
   
• Low policy charge structure for strong cash accumulation. 
   
• Three death benefit options available. 
   
• Clients can increase or decrease their coverage amount subject to policy and underwriting guidelines. 
   
• Automated Income feature, which enables the client to take withdrawals from the policy on a regular basis with minimal paperwork required. 
   
• Riders:
  • Optional Extended No-Lapse Guarantee Rider guarantees the policy will not enter a grace period on any monthly date prior to the lesser of 35 years or age 95 as long as the rider is in force and the ENLG is in effect.
     
  • Chronic Illness Death Benefit Advance Rider provides the opportunity for an advance of a portion of the death benefit in the event of a chronic illness.
     
  • Life Paid-Up Rider provides over-loan protection, ensuring the policy does not lapse due to large outstanding loan(s). Automatically added to all policies in states where it has been approved. There is a one-time charge when the rider is exercised.
     
  • Terminal Illness Death Benefit Advance Rider provides an advance of a portion of death benefit if diagnosed as terminally ill.
     
  • Cost of Living Increase Rider offers the opportunity to increase the face amount without evidence of insurability, based on changes in the Consumer Price Index (CPI).

For additional information on Key Features, refer to the Important Information section below.

• Issue ages: 0-85: Maturity: Age 121
   
• Standard, Super Standard, Preferred, and Super Preferred non- tobacco risk classes 
   
• Banded cost of insurance rates:
  • Low band: $25,000 - $100,000
  • Middle band: $100,001 - $1 million
  • High band: Above $1 million 
     
• Cash Value Accumulation Test or Guideline Premium Test 
   
• Death benefit option 1, 2, and 3 available 
   
• For more information about UL Flex III, go to:
  • Product Guide (BB12092) (PDF)
  • Interest Rate History

Key materials listed below.

Key materials listed below.

Key materials listed below.

Materials approved for use with consumers

• Chronic Illness Rider Consumer Brochure (BB10935)
  Explains how life insurance can provide access to funds before death in the event of a chronic illness.
  View (PDF) • Order
   
• Chronic Illness Rider Consumer Brochure - California (BB10935CA)
  California-only version of consumer brochure.
  View (PDF) • Order
   
• Chronic Illness Rider Promotional Flyer (BB11961)
  A quick look at the benefits of this no-cost rider.
  View (PDF) • Order
   
• Cost of Living Increase Rider Flyer (BB12168)
  Explains how the policy coverage can increase over time to keep up with increases in every day expenses.
  View (PDF) • Order
   
• Life Paid-Up Rider Flyer (BB12012)
  Explains how this rider can help consumers enjoy the tax advantages of life insurance by keeping their policies from lapsing.
  View (PDF)  • Order

Materials approved for producer use only

• Chronic Illness Rider Producer Email (LF1029)
  Highlights how this rider can help protect clients in the event of a health surprise.
  View (OFT) 
   
• Chronic Illness Rider Training Guide (BB11960)
  Provides details such as availability, eligibility, requesting a claim, and cost. Also compares it to long-term care riders.
  View (PDF) • Order

Chronic Illness Rider Approvals: Available in all states except NY.

• Contact us: Life Sales Support
• Run an Illustration
• Review Life New Business Guide (BB10816) (PDF)