Premiums and the rate of
return on the cash value accumulation are guaranteed.
Not exact matches
The minimal amount of
return that you will receive
on your
cash value accumulation is also guaranteed.
This type of life insurance offers permanent protection, level premium payments, and the
accumulation of
cash value that is based
on a
return set by the insurance company.
A universal life contract provides access to
cash value accumulation like that of a whole life policy; however,
cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher
returns on its own investments.
The company's Indexed Universal Life — Global Choice, issued through Security Life of Denver Insurance Company, provides index crediting potential based
on a formula that tracks the performance of a major indices, such as the S&P 500, potentially generating higher
cash value accumulation than traditional whole life or universal life, but without the potential negative
returns of variable life insurance.
The minimal amount of
return that you will receive
on your
cash value accumulation is also guaranteed.
Provides death benefits as well as a
cash value accumulation (based
on a rate of
return) that builds during the life of the policy
What differentiates an Indexed UL policy from other types of permanent life insurance used for
cash accumulation is that the growth of the policy's
cash value is based
on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based
on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based
on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based
on the actual investment
returns of specific equity investments (a product referred to as «variable universal life»).