UNIVERSAL LIFE INSURANCE

Dig into a different type of life insurance.

Term life and whole life aren't the only ways to protect your family with life insurance. Universal life offers unique flexibility and options.

Universal Life Insurance

Intro to Universal Life Insurance

A policy with permanent coverage and flexibility.

Like whole life insurance, universal life insurance provides you with permanent coverage for life (as long as your premiums are paid). Unlike whole life, your premiums and death benefit amount are flexible. Within certain limits, you can change the amount and frequency of the premiums you pay, and you can choose to increase or decrease your policy's death benefit.1

Universal life could be a good choice if:

One
Changing Needs

You might have changing needs or uncertain life events in the future.

Two
Cash Value

You want a policy with a cash value that increases over time.

Three
Loans & Withdrawals

You want the opportunity to take loans or withdrawals from your policy’s cash value.

How it works

 With universal life insurance from COUNTRY Financial®, you can choose: one of three policy types, your death benefit amount, and the amount and frequency of your premium payments.

One
Universal Life Accumulator

This life policy offers permanent protection that builds up cash value over time, and you can select one of two death benefit options:

  • Increasing Death Benefit – the policy will pay the death benefit amount plus the policy’s account value to your beneficiary when you die.
  • Level Death Benefit – the policy will pay just the death benefit amount to your beneficiary when you die.
Two
Survivorship Universal Life Protector

This is a special-purpose joint life policy for couples in an estate plan. It’s a lower-cost life insurance policy that insures two people and pays when the second person dies. Survivorship universal life is also a good choice for business continuation or to help compensate heirs not involved in the family business.

It also includes a Policy Split Option, which means you may exchange your policy for two individual policies in case of divorce or a major change in federal estate tax laws.

Three
Universal Life Protector

This policy is a great choice if you’re looking for the security of permanent life insurance at a very affordable price. It’s designed to supply low cost protection while still providing some cash value buildup over time.

Coverage Options

To help you customize your universal life policy, we offer several extra coverage choices at an added cost. We’ll help you understand your choices so you can make informed decisions. (Not all options are available on all policy types.)

Child Term Insurance

Provide up to $25,000 of term insurance for all of your children under age 23, with the opportunity to convert the coverage to permanent life insurance until they’re 23, without a medical exam.

Life Insurance for Your Spouse

Provide annual term life insurance of $25,000 or more for your spouse. The cost of the insurance is based on your spouse’s age and increases each year. You may cancel the coverage any time. 

Automatic Increase Rider

Choose to have the death benefit of your policy automatically increase each year. Increases in the amount of insurance will also increase the cost of the policy.

Guaranteed Insurance Option

Guarantees you the right to increase the amount of your life insurance protection within specified limits every three years, between 22 and 43 years of age, regardless of your health.

Accelerated Benefit if you become terminally ill

This gives you up to 50 percent of the policy’s death benefit (up to $250,000) while you’re living if you’re terminally ill, and still provides a reduced death benefit for your loved ones. 

Estate Preservation

Help protect against the cost of additional taxes that could be owed if you transfer ownership of the policy and both insured people die within a three-year period (Survivorship universal life only).

Waiver of Specified Premium Rider

Choose the amount of premium you’d like to have waived if you become disabled (as defined in the policy). You won’t have to pay that amount while you’re disabled.

Questions?
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Policies issued by COUNTRY Investors Life Assurance Company®, Bloomington, IL.

The information and descriptions contained here are not intended to be complete descriptions of all terms, conditions and exclusions applicable to the products and services. The precise insurance coverage under any COUNTRY Investors insurance product is subject to the terms, conditions and exclusions in the actual policies as issued. Products and services described in this website vary from state to state and not all products, coverages or services are available in all states.

1Increases in the policy death benefit are subject to evidence of insurability.

Description

Form Number

Universal Life Accumulator Policy

In ID: UL(ID13)

In OK: UL(OK13)

In OR: UL(OR13)

In TN: UL(TN13)

Universal Life Protector Policy

In ID: ULPRO(ID13)

In OK: ULPRO(OK13)

In OR: ULPRO(OR13)

In TN: ULPRO(TN13)

Survivorship Universal Life Policy

In ID: SULPRO(ID13)

In OK: SULPRO(OK13)

In OR: SULPRO(OR13)

In TN: SULPRO(TN13)

Term Insurance Agreement for Insured Spouse

CI-95-01-88

In TN: TLIS(12/07)

Automatic Increase Rider

AIR(12/07)

Guaranteed Insurance Option Agreement

MAI-95-05-85

Term Insurance Agreement for Children’s Insurance

CI-95-02-55

In OR: CI-95-02-88

In TN: TLIC(12/07)

Waiver of Specified Premium Rider

WSPR(06/08)

Accelerated Benefit

AB(12/04)

In OR: AB(OR12/04)

Policy Split Option

CI-PSO-01

In OR: OR-CI-PSO-11

Estate Preservation (Temporary Term Insurance Rider)

CI-EP4YT-01

ULWEB2(12/14)