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Simple Solutions for Complex Times
UNITED LIFE INSURANCE COMPANY’S
Single Premium Whole Life with
Living Benefit Rider offers . . .
Worry - free living today
and a Tax-free legacy tomorrow
How can a product so simple
provide worry-free living today and
a tax-free legacy tomorrow?
- If you have unforeseen expenses
- You can use the cash value to secure a loan from the company.
- If you are confined to a nursing home or experience a life-threatening illness or injury
- You can use the LIVING BENEFIT RIDER* to receive a portion of the policy benefits (see example). The proceeds
can be paid to you in a lump sum or as a regular monthly income.
- Use the payments however you wish . . including offsetting medical expenses or supplementing other
benefits paid for nursing home care.
Living Benefits Rider
Example:
Female -- Non-smoker -- Age 65
Premium: $ 50,000
Insurance Death Benefit $111,141
1/2 of Death Benefit = $55,570
70% of $ 55,570.50 = $ 38,899.35 available for
Nursing Home as lump sum or payout over time
period of your choice
Death Benefit Remaining:: $ 55,570
* Refer to rider for details. Not available on face amounts
under $50,000.
A Tax-free legacy tomorrow
The GUARANTEED** death benefit passes to your heirs income-tax free. In most states it is not subject to
probate fees and the benefit purchased is more than the premium paid.
All this available from a variety of payment options
Lump Sum funded by discretionary dollars, perhaps a CD or 1035 exchange of cash value from an older policy
that is putting a strain on current cash flow.
Two equal semi-annual, or 12 equal monthly bank drafts.
The Guaranteed Increase Option. You may elect to purchase increments
of benefit annually for a specific number of years. This is particularly
beneficial if
- You have a number of investments coming due at different times
-
You annuitize an existing deferred annuity to redistribute the taxation
of gain.
** to the extent it is not repaid, any loan against the cash value may reduce the
benefit otherwise payable. Capitalization of unpaid interest on a loan may cause
the policy benefits to be forfeited altogether.
LIP620 (01-07) United Life Insurance Company
