10 Great Reasons To Apply For Universal Life Insurance
Superior Investment Options
Make the most of tax-deferred growth of a Universal Life
Insurance Policy. You can choose a combination of Interest Options
like:
Fixed Rate Interest Options with highly competitive fully
guaranteed rates
Passive Index Options based on the world's major stock and
bond indexes,available in currency exposed and currency-neutral
optios
Managed Index Options linked to first-class mutual funds
Industry Leading Minimum Guaranteed Investment Total
Returns
Depending on the UL plan you choose, the minimum total return*
(interest plus bonus) can range from 3.00% on 5-year Interest
Options to at least 4.25% on 25-year Interest Options. While other
companies may provide higher guarantess, they also retain the right
to remove the investment option.
Access to Fund Values
You can access the fund value* of your Universal Life Policy in
a variety of ways, including:
10% free withdrawal, which allows clients to request one
partial surrender each policy year after the second policy
anniversary, with no surrender charge
Tax-free Living Benefits, which give clients additional peace
of mind in the event of a critical illness, disability, or the
need for long-term care, with no surrender charge
Policy loa with the potential for tax-deductible**
interest
Flexible Cost of Insurance Options
I can offer you the following options:
ART for maximum wealth accumulation:
ART 85/20
ART to 100
Level long-term protection needs:
Level to 100
LifePlus with Guaranteed Surrender Values (GSV)*
20Plus with Guaranteed Surrender Values (GSV)*, paid
up at year 20
Unique Cost of Insurance Guarantees
For instance, Transamerica Life Canada offers you a unique
built-in premium tax that provides protection against potential
increases in provincial premium tax and allows for more of the
premium to earn interest from day one. In addition, Transamerica's
Combined.
Preferred and Simplified Underwriting
For Transamerica Life Canada Clients aged 16 and over with
coverage of $250,000 or more have the potential to benefit from
lower cost of insurance based on their health, lifestyle and other
factors. In addition, I can help you simplify the underwriting
process with Simplified "no-fluids" Underwriting on application
below $250,000 and ages 45 and under.
Adaptable features allow for Life Cycle needs
Here are some of the ways some of our Universal Life plans can
adapt to your changing needs:
Term conversions maintain preferred underwriting classes and
provide MTAR tax credits
Switch option allows clients to switch from JFTD to JLTD
New exchange option from guaranteed whole life to a universal
life plan
Pride in the Fine Print
I offer accountability and long-term peace of mind, without
sacrificing the valuable features and flexibility that you may need
now or in the future.
Guaranteed total interest option fees on our UL Interest
Options are clearly defined and accurately calculated on a
daily basis
Bonuses are guaranteed and unconditional regardless of
investment choice, policyholder activity and are automatically
credited according to the client's existing investment option
deposit allocation
Innovative Illustration Software
LifeView illustration by Transamerica Life Canada, for
instance, is one of the best in the industry.
The Perfect Balance
UL plans can be tailored by coverage type, bonuses, fees,
Interest Optio riders and other features to help you strike the
perfect balance.
