Universal life insurance offers flexible lifetime protection and more

It’s the lifetime protection and flexibility of universal life insurance that attracts many clients to this type of coverage. Our universal life products offer all this, plus predictable features and extras to protect the specific goals they have in life.

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Why offer universal life insurance?

Your clients who want permanent protection with flexible options will enjoy these benefits:

Coverage that lasts a lifetime

Lifetime death benefit coverage can protect clients’ loved ones for the long term.

Predictable premiums and features

Clients know what to expect from their policy’s premiums, benefits and coverage lengths.

Cash value potential

Some policies offer cash value that grows tax deferred, which clients can access for future expenses.

Extras for additional flexibility

Optional and built-in features give clients more choices to protect their goals now and down the road.

Compare different types of universal life insurance

Get a quick overview of three types of universal life insurance and considerations for each one.

Traditional universal life insurance

Can come with a variety of options but typically offers cash value, flexible premium payments and lifetime coverage

Key highlights

Lifetime death benefit coverage
Flexible premiums
Minimum guaranteed interest rate
Cash value growth potential and access

Considerations

May be more expensive than term life insurance
Can be more complex as options and features are introduced
Interest rates may not be as high as with other types of cash value life insurance

Indexed universal life insurance

Offers potential cash value accumulation based on positive market performance, but unlike variable universal life insurance, earnings are typically protected from downside risk, subject to a floor

Key highlights

Lifetime death benefit coverage
Flexible premiums
Cash value growth potential and access
Downside market protection

Considerations

Policy fees and expenses might be higher than with other policies
Earning potential is lower than variable universal life because most policies are subject to cap rates

Variable universal life insurance

Similar to indexed universal life insurance, but premium payments can be allocated among different investment options to offer the potential for even greater cash value accumulation

Key highlights

Lifetime death benefit coverage
Flexible premiums
Cash value growth potential and access
Cash value is invested with the limit of a cap

Considerations

Investment expenses apply
Policy has downside risk if investment options lose value
Clients may have to pay higher premiums to keep their policy in force

A financial professional presenting the benefits of indexed universal life insurance to a husband and wife

Consider universal life insurance for a client with:

Long-term protection needs
Death benefit coverage needs
A preference for level-pay premiums
A desire to access extras like chronic illness coverage or cash value growth potential

See how our universal life products can protect your clients’ goals

Explore our universal life insurance products, each offering different features and benefits to protect a wide range of client goals.

Protective Custom Choice℠ UL

Clients choose a level benefit period of up to 30 years. As a client’s need for coverage changes, premiums stay the same while the coverage amount decreases.

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Protective%%®%% Lifetime Assurance UL

Offer guaranteed lifetime coverage with no surprises. Clients choose their length of coverage and lock in competitive, level premiums for life.

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Protective Advantage Choice℠ UL

Help clients reach their goals with guaranteed death benefit protection and cash value growth potential based on market performance.

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Protective Indexed Choice℠ UL

Help clients reach their goals with guaranteed death benefit protection and cash value growth potential based on market performance.

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Protective%%®%% Strategic Objectives II VUL

Our VUL offers powerful cash value growth potential for clients who are seeking death benefit protection and the ability to fund future goals.

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Protective%%®%% Executive UL

Support employers’ group term carve-out needs with an easy to initiate and cost-effective life insurance benefit with strong incentives for key employees.

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