AccumUL Plus Universal Life Insurance Features From United of Omaha Life Insurance Company or Companion Life Insurance Company
AccumUL Plus universal life insurance features standard benefits you expect from universal life policies, and additional options to enhance and personalize your coverage. AccumUL Plus helps provide protection for your family and assistance with your own financial goals. Inquire with one of our licensed insurance agents for information on how AccumUL Plus universal life insurance can help you, specifically.
Features
Standard AccumUL Plus universal life insurance benefits include:
- Face amounts of $25,000+
- Flexible planned premiums
- No-lapse protection
- Two death benefit options
- Guaranteed minimum interest rate
Interest Rate
AccumUL Plus provides a minimum guaranteed interest rate for your policy, in addition to death benefits. A minimum interest rate of 3% is guaranteed on the accumulation value during the life of your policy. In addition, you may be eligible for an additional .50% interest rate on cash accumulations after the 5th policy year. See your agent for more details.
Flexible Premiums
Your planned premium payment is flexible, and you may adjust it once per year (beginning with the second policy year). Payments, in addition to the planned premium, may be made at any time.
Death Benefit Options
AccumUL Plus universal life insurance offers additional flexibility by giving you the option of two death benefit plans. Option 1 is a level death benefit, for the specified amount of insurance. Option 2, an increasing death benefit, is for the specified amount of insurance plus the accumulation.
Rider Included in the Policy
- Accelerated Death Benefit for Terminal and Chronic Illness: Accelerated death benefits may be provided in the event of a Terminal or Chronic Illness.
Additional Riders Available for Purchase
- Guaranteed Insurability Rider (Not available in New York): Provides the insured with the option to periodically increase the specified amount without additional underwriting.
- Disability Rider: If purchased, and the insured becomes disabled before the policy anniversary following the insured's 60th birthday (and the disability continues for at least six months) this rider will waive payment of the monthly deduction amount (cost of insurance charges and expense charges) during the continuance of the disability.
Other riders are also available on the AccumUL Plus universal life insurance policy. Talk to our licensed insurance agent for more information.