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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, subject to evidence of insurability. 

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.1

How it works

 With Universal life insurance from COUNTRY Financial®, you can choose: one of two 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
Universal Life Protector

This policy is a great choice if you’re looking for the security of permanent life insurance at a more affordable price. It’s designed to supply lower cost protection than other universal life policies that are designed to build cash value.

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. 

Child Term Insurance

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

Life Insurance for Your Spouse

Only available on Univeral Life Accumulator, this coverage option provides 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.

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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866-COUNTRY

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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.

1 Loans and withdrawals will decrease the cash value and death benefit of the policy. Policy loans are repayable with interest and generally not taxable. Distributions, including loans, are taxable to the extent of income if policy is classified a Modified Endowment Contract (MEC). An MEC is a policy where premium payments exceed certain amounts specified under the Internal Revenue Code. Additionally, a 10% penalty tax may apply to distributions of gan from a MEC prior to age 59 1/2. 

COUNTRY Financial® affiliated companies and our representatives cannot give tax or legal advice. Please consult legal and tax counsel of your choice regarding your personal circumstances. Any information we provide reflects or understanding of current tax laws which are subject to change and reinterpretation. 

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: UPRO(OK13)

In OR: ULPRO(OR13)

In TN: ULPRO(TN13)

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 WSOR(06/08)

ULWEB2(12/14)

Form Number

Form Number

Form Number

In ID: ULPRO(ID13)

In OK: ULPRO(OK13)

In OR: ULPRO(OR13)

In TN: ULPRO(TN13)

In ID: ULPRO(ID13)

In OK: ULPRO(OK13)

In OR: ULPRO(OR13)

In TN: ULPRO(TN13)