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CorpExec Universal Life Insurance

Product description:

Universal life insurance designed for use by corporations.

Product availability:
  • Must be employer owned or sponsored
  • Must have an employer/employee relationship
  • Minimum base face amount of $25,000 per policy.
Medical underwriting:
  • Issue ages: 18-80
  • Minimum coverage: 3 lives and $100,000 initial annual case premium
Guaranteed Issue:
  • Issue ages: 18–70
  • Minimum coverage: 10 lives and $250,000 initial annual case premium
  • The employee must meet our active work requirements
Rate classifications:
  • Male and female
  • Unisex available subject to approval
  • Non-smoker and standard
Riders:
  • Alternative Cash Surrender Value Benefit
  • Supplementary Term Rider (Only available with CVAT Section 7702 Test)

Issued by:
New York Life Insurance and Annuity Corporation
(A Delaware Corporation)
51 Madison Avenue
New York, NY 10010

CEUL policies are issued by New York Life Insurance and Annuity Corporation (“NYLIAC”) (A Delaware Corporation) 51 Madison Avenue, New York, NY 10010. NYLIAC is a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.