VUL Protector® Growth Potential for Clients, Protection for Their Families.
For clients whose focus is protection and who can take on moderate risk, VUL Protector is a competitively priced variable universal life insurance option. It offers a guarantee up to lifetime and the potential to accumulate cash value. Clients can choose from an array of underlying investment options and optional riders that allow them to tap into their policy if they get sick.
Discover more about VUL Protector.
Client Profile Who is it right for?
VUL Protector might be a good fit for clients who:
- Are seeking cost-effective death benefit protection while still pursuing cash value accumulation.
- Believe that equities will perform well in the long term and are willing to assume market-based risk.
- Want guarantees that often last as long as life expectancy.
- 1The BenefitAccess Rider is an optional rider that accelerates the life insurance death benefit when the insured is terminally ill or is chronically ill as defined in the rider. It is not Long-Term Care (LTC) insurance. Benefits received under the rider will reduce and may deplete the death benefit. Electing the BenefitAccess Rider results in an additional charge and underwriting requirements. Some benefit payments may be subject to a fee. Other terms and conditions apply and can vary by state. Clients should consult their tax and legal advisors.
For New York contracts: Please also note the rider is not subject to the minimum requirements of New York law, does not qualify for the New York State Long-Term Partnership Program, and is not a Medicare supplement policy. In addition, receiving accelerated death benefits may affect clients’ eligibility for public assistance programs and such benefits may be taxable. Benefit payments may only be made if the payments are subject to favorable tax treatment by the federal government. When determining whether the benefit payments will receive favorable tax treatment, the payment of benefits from all insurance policies must be considered. Benefit payments may be reduced or unavailable if they are expected to exceed the maximum amount eligible under Internal Revenue Code Section 101(g)(1) and all other applicable sections of federal law for favorable tax treatment.
For some Connecticut contracts: To be eligible for chronic illness benefits, your client must also have been confined in a home or institution for at least 6 months previously. This confinement must have been illness related. It also must be expected to continue for life.
Clients should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract, and/or underlying portfolios. The prospectus, and, if available, the summary prospectus, contains this information as well as other important information. Clients should read the prospectus carefully before investing.
It is possible to lose money by investing in securities.
Guarantees are based on the claims paying ability of the issuing insurance company and do not apply to the underlying investment options.
Created Exclusively for Financial Professionals. Not for Use with Consumers.
For Compliance Use Only: 1014652-00001-00 Ed. 01/2019